Question: two questions thanks What is the difference between nominal and real GDP? ed Select one: out of O a. Nominal GDP is adjusted for changes

two questions thanks

two questions thanks What is the difference between nominal and real GDP?

What is the difference between nominal and real GDP? ed Select one: out of O a. Nominal GDP is adjusted for changes in the price level; real GDP is not. O b. Real GDP is adjusted for taxes and transfer payments; nominal GDP is not. n O c. Nominal GDP is adjusted for depreciation; real GDP is not. O d. Real GDP is adjusted for changes in the price level; nominal GDP is not. O e. Real GDP is adjusted for depreciation; nominal GDP is not. n 6 Which of the following does the long-run Phillips curve tell us? ed Select one: d out of O a. That output can be maintained above potential in the long run O b. That output can be below potential in the long run on O c. That the inflation rate cannot rise above 10 percent in the long run O d. That the unemployment rate can take on any value in the long run O e. That unemployment will return to the natural rate in the long run

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