Question: for the base year, which one is definitely true? A. real GDP=0 B. real GDP = nominal GDP C. real GDP+ nominal GDP =0 D.

for the base year, which one is definitely true? A. real

for the base year, which one is definitely true? A. real GDP=0 B. real GDP = nominal GDP C. real GDP+ nominal GDP =0 D. real GDP > nominal GDP E. deflator =0 PE=1000+0,5Y what is the value of equilibrium income? A. 1500 B. 2000 C. 4000 D. 500 E. 2500 LRAS - - A. is parabolic B. has negative slope C. has positive slope D. is vertical E. is horizontal

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