Suppose there currently is an inflationary ga
A) Reduce government spending. B) Increase government spending.
C) Reduce the nation's aggregate supply. D) nothing
A
Economics
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Real GDP
A) fluctuates from year to year but is always below potential GDP. B) fluctuates around potential GDP. C) grows at a constant 3 to 4 percent per year. D) can be called potential GDP when it is adjusted for price changes.
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We would expect the cross elasticity between tennis racquets and tennis balls to be:
a. negative. b. positive. c. zero. d. one. e. infinite.
Economics