If the price of inputs falls and the budget deficit rises due to an increase in government spending, then the:
a. Price index rises, and real GDP rises.
b. Price index rises, and real GDP falls.
c. Price index rises, and the change in real GDP is uncertain.
d. Price index falls, and real GDP rises.
e. Price index is uncertain, and real GDP rises.
.E
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Over time both real GDP and the price level have trended upward. Which of these trends would the classical dichotomy say could be explained by an upward trend in the money supply?
a. both the upward trend in real GDP and the upward trend in the price level b. the upward trend in real GDP but not the upward trend in the price level c. the upward trend in the price level but not the upward trend in real GDP d. neither the upward trend in the price level nor the upward trend in real GDP
Most economists agree that, overall, U.S. antitrust policy has been most successful in:
A. Promoting competition and efficiency B. Remedying existing anticompetitive behavior C. Deterring price-fixing and anticompetitive mergers D. Breaking up monopolies