GDP Assignment | Homework For You

Select the two correct answers below.

Select all that apply:

• Full-employment GDP
• GDP
• Potential GDP
• Real GDP

2.Factors that may change net exports are

Select all that apply:

• changes in the price levels of countries
• changes in the relative growth rates of countries.
• changes in domestic consumption of US goods
• changes in government spending

3.Although you can make a purchase with a credit card, _______.

Select the two answers below that correctly fill in the blank.

Select all that apply:

• it is not considered money.
• it is considered as a long-term loan.
• it is considered as a short-term loan.
• it is not considered as a reliable way to purchase goods and services.

4.t he long run aggregate supply curve is

Select the correct answer below:

a)horizontal at a fixed price level

b)vertical at the full employment level of GDP

c)upward sloping, illustrating the tradeoff between inflation and GDP

d)downward sloping, illustrating a negative relationship between price level and GDP

5.Economic adjustments can be slow if

Select the correct answer below:

a.people cannot form expectations about the future. Business Law Assignment: I need help writing a research paper.

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