If C = $250, I = $50, G = $60, NX = -$20, and NFP = $5, how much is GNP?

Suppose there is a labor shortage. Wages will ____ and the SRAS curve will shift ____

a. rise; left b. fall; left c. fall; right d. rise; right

What is the opportunity cost of allocating more and more resources to the production of capital goods?

A. a decrease in real income B. the amount of consumption goods that could have been produced C. the increase in pollution D. the environmental goods foregone