If real GDP increased by 2% and nominal GDP increased by 1%, then output:
a. increased and the price level increased.
b. increased and the price level decreased.
c. decreased and the price level increased.
d. decreased and the price level decreased.
b
Economics
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The higher the interest sensitivity of investment, the
a. less effective is monetary policy and the more effective is fiscal policy. d. more effective are both monetary and fiscal policies. c. less effective are both monetary and fiscal policies. d. less effective is fiscal policy and the more effective is monetary policy.
Economics
Refer to Figure 9.6. Before this policy was implemented, producer surplus was
A) $10. B) $2000. C) $4000. D) $6000. E) $12000.
Economics