An increase in nominal GDP could result from an increase in
i. production.
ii. prices.
iii. subsidies.
A) ii only B) i and ii C) i, ii, and iii D) i only E) i and iii
B
Economics
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All of the following were significant changes in the mortgage market in the 2000s EXCEPT
A) investment banks became significant participants in the secondary mortgage market. B) lenders loosened lending standards. C) mortgage-backed securities became more popular with investors. D) borrowers tended to increase the amount of their down payments.
Economics
If the supply curve for orange juice is estimated to be Q = 40 + 2p, then, at a price of $2, the price elasticity of supply is
A) .01. B) .09. C) 1. D) 11.
Economics