According to the rule of 70, a country will double its real GDP per capita in 35 years if it grows at an average of ________ per year.

A goal of contractionary monetary policy is to:

A) decrease the rate of growth of real GDP. B) increase the rate of growth of real GDP. C) increase inflation. D) none of the above.

Which of the following options could be used to eliminate a recessionary gap?

a. Increase government spending. b. Decrease government spending. c. Decrease investment. d. Increase taxes.