A decrease in government purchases can close an expansionary gap ...

[dakota nelson]

A decrease in government purchases can close an expansionary gap by shifting the aggregate demand curve.
 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 4 trillion, then the nominal gross domestic product (GDP) for that year is _____.
 a. .04 trillion
  b. 0.4 trillion
 c. 4 trillion
 d. 40 trillion
 e. 400 trillion

[nanny]

Answer to Question 1

True

Answer to Question 2

c

[dakota nelson]

Thanks for the timely response, appreciate it

[bdobbins]

Excellent