The long-run aggregate supply curve shows the relationship between the ________ and ________
A) price level; quantity of real GDP supplied
B) real interest rate; quantity of real GDP supplied
C) inflation rate; quantity of real GDP demanded
D) nominal interest rate; quantity of real GDP supplied
A
Economics
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Using the Rule of 70, if the country of Huttodom's current growth rate of real GDP per person was 10 percent a year, how long would it take the country's real GDP per person to double?
A) 0.7 years B) 20 years C) 7 years D) 10 years
Economics
If inflation is higher than expected, this helps borrowers (by reducing the real interest rate they pay) and hurts lenders (by reducing the real interest rate they receive)
Indicate whether the statement is true or false
Economics