The short-run aggregate supply curve is a relationship between
A) real GDP and price level. B) capital goods and consumer goods.
C) unemployment and real GDP. D) inflation and time.
A
Economics
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If a country's exports are worth $5 billion and its imports are worth $3.9 billion, the country experiences a ________
A) trade surplus B) budget deficit C) trade deficit D) budget surplus
Economics
If the per-worker production function shifts down,
A) the per-worker production function becomes steeper. B) it now takes more capital per hour worked to get the same amount of real GDP per hour worked. C) an economy can increase its real GDP per hour worked without changing the level of capital per hour worked. D) positive technological change has occurred in the economy.
Economics