An increase in the overall level of prices in an economy is referred to as

Refer to the scenario above. What is the sum of the payoffs to the firms if both firms use Strategy A?

A) 1 B) -2 C) 2 D) 0

If GDP grows more rapidly than population for a particular country over a period of time, then we can determine that

A. GDP must rise at a slower rate in the future. B. GDP per capita has increased. C. All citizens of this country are better off. D. Real GDP has decreased.