If nominal GDP is less than real GDP, then the GDP deflator will be greater than 100. (True or false?)

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

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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

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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

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Ques. 4

The real wage equals the nominal wage ________ the CPI, all times 100.
 
  A) plus B) divided by C) minus D) times

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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.