If nominal GDP increases, which of the following will always take place?
A) Output will have increased but prices will have fallen or remained the same.
B) Prices will have increased but output will have fallen or remained the same.
C) Both output and prices will have increased.
D) none of the above
D
Economics
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A marginal propensity to save of 0.20 results in a multiplier of
A) 2. B) 5. C) 1.25. D) 8. E) 1.
Economics
When economies of scale exist, a decrease in the level of output will lead to:
a. a decrease in cost per unit. b. an increase in cost per unit. c. no change in cost per unit. d. an increase in total cost.
Economics