If real GDP increased by 2% and nominal GDP increased by 2%, then output:
a. increased and the price level increased

You have decided that you are going to consume 600 calories of beer and snacks at a party Saturday night. A beer has 150 calories and a snack has 75 calories

a. Create a table that shows the various combinations of beer and snacks you can consume. To keep things simple, use only round numbers (e.g., you could choose 1 or 2 beers but not 1.5 beers). b. What is the opportunity cost of a beer?

When future labor income falls in a small open economy, it causes the current account to ________ and investment to ________

A) fall; rise B) rise; remain unchanged C) fall; remain unchanged D) rise; rise