If the price level is fixed, then an increase in government spending will lead to
A) a larger increase in nominal GDP than in real GDP.
B) a smaller increase in nominal GDP than in real GDP.
C) no increase in either nominal GDP or real GDP.
D) an increase in nominal GDP by the same amount as an increase in real GDP.
D
Economics
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If you have assets that include $50 in cash, a checking account with $135, a savings account with $500, and a jar of coins for laundry of $15.75, how much M1 do you have?
What will be an ideal response?
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Under the Bretton Woods system the international reserve currency was the
A) U.S. dollar. B) British pound. C) German mark. D) Japanese yen.
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