If the price of inputs rises when a nation is in the intermediate range:
a. Real GDP remains the same and average price level falls.
b. Real GDP remains the same and average price level rises.
c. Real GDP remains the same and average price level remains the same.
d. Real GDP falls and average price level rises.
e. Real GDP falls and average price level falls.
.D
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If a country has a current account surplus, it also has
A) a financial account surplus. B) an increase in its official reserve assets. C) a balance of payments deficit. D) an increase in its holding of net foreign assets.
Whenever the largest firm in a concentrated industry breaks into two equal sized parts, the four firm concentration ratio ___ and the Herfindahl-Hirschman Index ____: a. Will fall; will fall
b. Will fall; may fall or stay the same. c. May fall or stay the same; will fall. d. May fall or stay the same; May fall or stay the same.