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Author Question: Expansionary and contractionary gaps are automatically eliminated by shifts in aggregate demand. a. ... (Read 13 times)

magmichele12

  • Hero Member
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  • Posts: 559
on: Jun 30, 2018
Expansionary and contractionary gaps are automatically eliminated by shifts in aggregate demand.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the real gross domestic product (GDP) for the base year is 3 trillion, then the nominal gross domestic product (GDP) for that year is _____.
 a. .03 trillion
  b. 0.3 trillion
 c. 3 trillion
 d. 30 trillion
 e. 300 trillion


Kimmy

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  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


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