In the short-run, an increase in the price of raw materials will ________ the price level and ________ real GDP
A) raise; increase
B) lower; increase
C) lower; decrease
D) raise; decrease
E) raise; not change
D
Economics
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In 2009, which category accounted for the highest share in the U.S. exports?
a. Industrial supplies b. Capital goods c. Services d. Consumer goods
Economics
An MPC value of less than 1.0 indicates that as income increases:
A. Consumption also increases, and by more than the increase in income B. Consumption also increases, and at the same rate as the increase in income C. Consumption will go in the opposite direction and decrease D. Consumption also increases, though not as much as income
Economics