Other things the same, if workers and firms expected prices to rise by 2 percent but instead they rise by 3 percent, then
a. employment and production rise.
b. employment rises and production falls.
c. employment falls and production rises.
d. employment and production fall.
a
Economics
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Net exports ________ the autonomous expenditure multiplier
A) reduce B) increase C) A or B D) have no effect on
Economics
India’s real GDP was $2.5 trillion in 2018. Using the simple aggregate expenditure model and assuming that the country’s economy was in equilibrium, what was India’s aggregate expenditure?
a. $25 billion b. $250 billion c. $2.5 trillion d. $250 trillion
Economics