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Title: If nominal GDP is less than real GDP, then the GDP deflator will be greater than 100. (True or false?) Post by: keke12345676 on Feb 26, 2018 If nominal GDP is less than real GDP, then the GDP deflator will be greater than 100.
Indicate whether the statement is true or false Ques. 2 Explain how each of the following events would affect the long-run aggregate supply curve. a. A lower price level b. A decrease in the labor force c. A decrease in the quantity of capital goods d. Technological change Ques. 3 Which of the following groups had the highest poverty rate in 2014 in the United States? A) Asians B) Hispanics C) blacks D) female heads of families Ques. 4 The real wage equals the nominal wage ________ the CPI, all times 100. A) plus B) divided by C) minus D) times Ques. 5 Suppose that you deposit 2,000 in your bank and the required reserve ratio is 10 percent. The maximum loan your bank can made as a direct result of your deposit is A) 200. B) 1,800. C) 2,000. D) 20,000. Title: If nominal GDP is less than real GDP, then the GDP deflator will be greater than 100. (True or false?) Post by: belegal on Feb 26, 2018 b. A decrease in the labor force would cause the long-run aggregate supply curve to shift to the left. c. A decrease in the quantity of capital goods would cause the long-run aggregate supply curve to shift to the left. d. Technological change would cause the long-run aggregate supply curve to shift to the right. |