When the macroeconomic equilibrium is such that real GDP exceeds potential real GDP, the economy is suffering from ________, and the government policy to eliminate this gap will ________ real GDP and ________ the price level

If the required reserve ratio increases and the monetary base is unchanged, the value of the money multiplier will ________ and the value of the money supply will ________

A) decline; decline B) decline; increase C) increase; decline D) increase; increase

Key influences on the valuation of economic profits include ________

A) the average level of the prices of goods and services sold B) the rental price of capital C) the wage rate D) all of the above E) none of the above