Refer to Table 5.1. Andrea should specialize in the production of

When the Federal Reserve raises the growth rate of the money supply to a permanently higher level, this produces ________ in real GDP and ________ in the inflation rate

A) a permanent increase, a permanent increase B) a permanent increase, a temporary increase C) no change, a temporary increase D) a temporary increase, a temporary increase E) a temporary increase, a permanent increase

In a situation where an artist is selling his own work to the galleries, the principle is

a. The artist b. The gallery c. Both of the above d. None of the above