If the price of inputs rises when a nation is in the intermediate range:
a. Real GDP rises and average price level falls.
b. Real GDP falls and average price level rises.
c. Real GDP rises and real GDP remains the same.
d. Real GDP remains the same and average price level falls.
e. Real GDP remains the same and average price level rises.
.B
Economics
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Explain what happens to the money supply, interest rates, investment spending and GDP when the Fed makes open market bond purchases
What will be an ideal response?
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When a nation imports a good or service, the nation's consumer surplus ________, its producer surplus ________, and its total surplus ________
A) increases; decreases; increases B) increases; decreases; decreases C) increases; increases; increases D) decreases; decreases; decreases E) decreases; decreases; increases
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