Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion. An increase in government purchases of $400 billion would cause real GDP to ________ potential real GDP (assuming a constant price level)
A) be less than
B) be more than
C) equal
D) There is insufficient information given here to draw a conclusion.
B
Economics
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a. Crucial, have to have b. Desired, but not necessary for survival c. Economic only d. Important for getting ahead
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Which of the following is the most liquid category of assets?
a. Large time deposits b. Money market mutual fund balances c. Small time deposits d. Saving-type accounts e. Demand deposits
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