If the price of inputs rises and foreign income rises:
a. Price index falls, and real GDP rises.
b. Price index falls, and real GDP falls.
c. Price index falls, and the change in real GDP is uncertain.
d. Price index rises, and the change in real GDP is uncertain.
e. The change in price index is uncertain, and real GDP falls.
.D
Economics
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A rise in aggregate expenditure is always
a. smaller than the rise in income that causes it b. larger than the rise in income that causes it c. the same as the rise in income that causes it d. smaller than the increase in consumer spending that causes it e. smaller than investment spending
Economics
If workers underestimate inflation, the aggregate supply curve will tend to be
A. upward sloping. B. downward sloping. C. vertical. D. horizontal.
Economics