If the price of inputs rises and consumer expectations about future economic activity worsens:
a. Price index falls, and real GDP rises.
b. Price index falls, and real GDP falls.
c. Price index falls, and the change in real GDP is uncertain.
d. The change in price index is uncertain, and real GDP rises.
e. The change in price index is uncertain, and real GDP falls.
.E
Economics
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Many persons object to the results of the competitive market system because
a. it takes too much energy to coordinate activities. b. efficient outcomes may not be compatible with their ideas of a fair distribution. c. a few people can control all economic activity. d. it fosters high rents and low beef prices.
Economics
What is insider–outsider theory? How does it explain the downward inflexibility of wages?
What will be an ideal response?
Economics