If GDP rises:
A) income and production must both fall.
B) income and production must both rise.
C) income must rise, but production may rise or fall.
D) none of the above.
B
Economics
You might also like to view...
Refer to Figure 8.2. How much profit will the firm earn if price stays at $80?
A) $0 B) $306 C) $312 D) $1000 E) $1024
Economics
Assume Congress enacts a $10 billion increase in spending and a $10 billion tax increase to finance the additional government spending. The result of this balanced-budget approach is a:
a. $20 billion increase in aggregate demand. b. $10 billion increase in aggregate demand. c. $100 billion increase in aggregate demand. d. $10 billion decrease in aggregate demand.
Economics