A change in Real GDP in the short run can be brought about by a change in

A) the exchange rate.
B) labor productivity.
C) expectations of future sales.
D) wealth.
E) all of the above

E

Economics

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In a market economy, what encourages firms to develop new products and production processes?

A) contracts B) insurance C) patents D) accounting rules

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A major shortcoming of a barter economy is

A) the requirement of specialization and exchange. B) that money loses value over time from inflation. C) the requirement of a double coincidence of wants. D) that most goods and services cannot be traded.

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