Which of the following, other things the same, would make the price level increase and real GDP decrease?
a. long-run aggregate supply shifts left.
b. long-run aggregate supply shifts right.
c. aggregate demand shifts right
d. aggregate demand shifts left.
a
Economics
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Why is investing in technology a better option than investing in labor or capital as a means to sustained growth?
What will be an ideal response?
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Prior to 1996 the government measured real GDP using 1987 prices
What would the rapid growth in computers and the fall in computer prices tend to do to the difference between true GDP growth and measured real GDP growth, relative to using a later year?
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