According to the circular flow diagram, a manufacturer of arms would provide arms in the market for goods and services and receive _____ in return

Given an upward-sloping aggregate supply curve, which of the following is most likely to occur if the Fed sells bonds in the open market, ceteris paribus?

A. Greater inflation and more unemployment. B. Greater inflation and less unemployment. C. Lower average prices and less unemployment. D. Lower average prices and more unemployment.

Increased production, but not increased inflation, will result in higher:

a. nominal GDP. b. real GDP. c. current dollar GDP. d. money GDP.