In which case can we be sure real GDP rises in the short run?
a. foreign economies expand and government purchases rise.
b. foreign economies expand and government purchases fall.
c. foreign economies contract and government purchases fall.
d. foreign economies contract and government purchases rise.
a
Economics
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If there is a change in the U.S. endowment of factors of production, then there would be
A) shifts in just SRAS. B) a movement along the SRAS curve. C) a shift in both LRAS and SRAS. D) a shift in just LRAS.
Economics
Seth's grandmother gave him a $50 savings bond for his birthday. The bond pays $50 at maturity, which is in five years. If the interest rate is 5%, the bond has a present value of $43.19
Indicate whether the statement is true or false
Economics