Which of the following will reduce the price level and real output in the short run?
a. an increase in government purchases.
b. an decrease in oil prices
c. a decrease in the money supply
d. technical progress
c
Economics
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Based on the information in Scenario 1, real GDP grew by about ________ percent from 2015 to 2016
A) 23 B) 31 C) 62 D) 162
Economics
The marginal propensity to consume describes ________
A) the tendency to consume fringe, or unusual items B) the impact of a change in spending on income C) the impact on consumption resulting from a change in income D) lifetime consumption resources
Economics