In the long run, an increase in productivity would cause output to ________ and the aggregate price level to ________
A) fall; rise
B) fall; fall
C) rise; fall
D) rise; rise
C
Economics
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The Open Market Committee is composed of
a. the 7 members of the Board of Governors. b. the 7 members of the Board of Governors and the president of the Federal Reserve Bank in New York. c. 12 voting members, and of these, 5 are presidents of regional Federal Reserve banks and the other 7 are the members of the Board of Governors. d. the presidents of each of the 12 Federal Reserve banks.
Economics