If the price of inputs rises and foreign income rises:
a. Price index falls, and real GDP falls.
b. Price index falls, and the change in real GDP is uncertain.
c. The change in price index is uncertain, and real GDP rises.
d. Neither the price index nor real GDP changes.
e. Price index rises, and the change in real GDP is uncertain.
.E
Economics
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An open market sale, an increase in the discount rate, and an increase in the reserve requirement would shift the aggregate demand curve leftward
Indicate whether the statement is true or false
Economics
The largest single portion of the federal budget is devoted to
a. National defense. b. Medicare and Medicaid. c. Social Security and unemployment compensation. d. Education. e. Interest payments on the national debt.
Economics