Empirical evidence across numerous countries indicates that changes in the ________ are associated with nearly equiproportional changes in ________

A reason why an increase in the price level decreases the quantity of real GDP demanded is that

A) the buying power of money increases. B) potential GDP decreases. C) the price of domestic goods and services increases relative to foreign goods and services. D) the real interest rate falls. E) the inflation rate decreases.

Attempts to influence the law for your own private economic advantage is called

A) tax imposition. B) subsidizing. C) rent seeking. D) creating a deadweight loss.