An increase in nominal GDP could result from an increase in
i. production.
ii. prices.
iii. subsidies.
A) i only
B) ii only
C) i and ii
D) i and iii
E) i, ii, and iii
C
Economics
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In the Keynesian model, a Federal Reserve sale of government securities in the open market will
a. raise the level of income and lower the interest rate. b. raise the level of income and raise the interest rate. c. lower the level of income and the interest rate. d. lower the level of income and raise the interest rate.
Economics
Low inflation rates tend to accelerate into higher and higher rates of inflation
a. True b. False Indicate whether the statement is true or false
Economics