When real GDP is less than potential GDP, an increase in government expenditures will __________ real GDP and __________ the price level

a) increase; raise
b) increase; lower
c) decrease; raise
d) decrease; lower

a) increase; raise

Economics

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Which federal agency would handle claims of workplace discrimination?

a. north american employment equality agreement b. general agreement of tariffs and trade c. equal employment opportunities commission d. fair employment practice commission

Economics

Suppose that you allow yourself $50 per month to spend on compact disks. You spend exactly this much every month regardless of the price of compact disks. Therefore, your demand for CDs

a. is elastic b. is inelastic c. is unit elastic d. cannot be characterized unless we know the price of a disk e. cannot be characterized unless we know the price and quantity of compact disks purchased

Economics