If the price of inputs rises and personal income taxes rise:
a. Price index rises, and real GDP rises.
b. Price index rises, and real GDP falls.
c. Price index rises, and the change in real GDP is uncertain.
d. Price index falls, and real GDP rises.
e. The change in price index is uncertain, and real GDP falls.
.E
Economics
You might also like to view...
A bond will pay $10,000 to its owner in 5 years. If the relevant annual interest rate is 5%, what is the bond worth today (rounded to the nearest 100)?
A. $9,500 B. $7,800 C. $6,600 D. $1,900 E. None of the above.
Economics
The graph that relates hours of labor input to output is called the
A. consumption function. B. conjunction function. C. capital function. D. production function.
Economics