Open-market purchases cause a(n) _____ in interest rates and a(n) _____ in real GDP in the short run

Fill in the blank(s) with correct word

decrease, increase

Economics

You might also like to view...

Which of the following is a TRUE statement concerning economic growth?

A) Changes in per capita nominal GDP are used to measure economic growth, but there are serious problems concerning the desirability of using figures that do not account for pollution and urban sprawl. B) Changes in per capita real GDP are used to measure economic growth because inflation and population growth can distort nominal GDP figures or total GDP figures. C) Changes in per capita nominal GDP are used to measure economic growth because population growth can distort the figures and we want to use the nominal amounts since that is what people identify with. D) Changes in per capita real GDP are used to measure economic growth because this accurately measures all the differences in living standards across countries.

Economics

A former union employee states: "We were on strike for two years. I know the eventual wage increase we received will never make up for the wages I lost, but I think the strike was worth it. We forced the company to give in to our demands." Evaluate these comments

Economics