If there is currently an inflationary gap:
a. The price level will tend to rise.
b. Real output will tend to rise
c. Both a. and b. will occur.
d. None of the above will occur.
a
Economics
You might also like to view...
The world trading system combines negotiated agreements that promote trade liberalization called ________ with binding agreements called ________ that block tariff increases
A) fiscal policies; monetary policies B) truces; aggressions C) free trade; enforcement contracts D) levers; ratchets E) wheels; walls
Economics
England can benefit from trade
a. only with nations that can produce goods England cannot produce. b. only with less developed nations. c. only with nations outside of Europe. d. with any nation.
Economics