Suppose India wants to measure how much the standard of living has changed over the last decade. Which piece of data should India use?

An increase in government spending will result in an increase in the price level and an increase in real GDP in the long run

Indicate whether the statement is true or false

In the open-economy macroeconomic model, the demand for dollars shifts right if at any given exchange rate

a. foreign residents want to buy more U.S. goods and services. b. U.S. residents want to buy fewer foreign goods and services. c. Both A and B are correct. d. None of the above is correct.