In the steady state, real GDP per worker ________, and real GDP per effective worker ________

The outcome of the state of nature effects the payoff to the agent under a

A) fixed-fee contract. B) hire contract. C) contingent contract. D) All of the above.

Due to an increase in real GDP:

a. Real consumption rises and real gross private domestic investment falls. b. Real consumption rises and real net exports fall. c. Real gross private domestic investment rises and real net exports rise. d. Real consumption rises and real gross private domestic investment remains the same. e. None of the above.