________ is most likely to contribute to an improvement in our living standard
A) An increase in real GDP
B) A decrease in nominal GDP
C) An increase in the price level
D) An increase in depreciation
E) An increase in the GDP deflator combined with a decrease in nominal GDP
A
You might also like to view...
Is the call for protection on the basis of "infant industry" valid?
a. No, because protection has no place in industrial development. b. No, protection is always improper. c. Uncertain, economic theory has no answer to this question. d. Yes, although it can be overstated and abused.
The productivity standard says
A) that everyone should have exactly the same income. B) that the age-earnings cycle should determine income. C) that people should be compensated on the basis of what they produce. D) that people should be compensated on the basis of their need.