When self-correction works to eliminate an expansionary gap, _____
a. both money wages and real wages increase
b. money wages increase while real wages decrease
c. both money wages and real wages decrease
d. money wages decrease while real wages increase
e. money wages remain unchanged
b
Economics
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If ________ GDP exceeds ________ GDP, employment exceeds its full-employment level and the unemployment rate is ________ the natural unemployment rate
A) real; nominal; below B) real; potential; below C) real; potential; above D) nominal; potential; above E) nominal; potential; below
Economics
Monopolizing the sale of liquor
A) can lead to an increase total welfare. B) will decrease total welfare. C) results in a deadweight loss. D) is anti-competitive and thus lowers total welfare.
Economics