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Author Question: Refer to Figure 13-4.Given the economy is at pointAin year 1, what will happen to the ... (Read 156 times)

laurencescou

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Question 1

Figure 13-4









Refer to Figure 13-4.  Given the economy is at point A in year 1, what is the difference between the actual growth rate in GDP in year 2 and the potential growth rate in GDP in year 2?


◦ 0.3%
◦ 1.1%
◦ 2.7%
◦ 3.7%

Question 2

Figure 13-4









Refer to Figure 13-4.  Given the economy is at point A in year 1, what will happen to the price level in year 2?


◦ It will rise.
◦ It will fall.
◦ It will remain constant.
◦ not enough information to answer the question


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Marked as best answer by laurencescou on Mar 16, 2019

Animal_Goddess

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laurencescou

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Reply 2 on: Mar 16, 2019
Thanks for the timely response, appreciate it


olderstudent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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