When real GDP is in equilibrium there will be no tendency
A. to save.
B. for real GDP to increase or decrease.
C. to invest.
D. to import.
B. for real GDP to increase or decrease.
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If a country passes a labor law limiting the number of hours of work per week, GDP would ________ and leisure would ________
A) decrease; increase B) decrease; decrease C) increase; increase D) increase; decrease
The relationship between money supply, output, and the overall level of prices is illustrated by the:
A. classical theory of inflation. B. neutrality of money. C. aggregate price level. D. measure of real output.
A newly issued bond with a face value of $12,000 and no coupon payments is priced at $9,000 . The bond will mature in one year. What is the yield on this bond?
a. 33.3 percent b. 25 percent c. $3,000 d. $1,909.09 e. It depends on the interest rate
If a perfectly competitive industry's long-run supply curve is downward sloping, we can conclude that input prices will:
A. increase as industry output increases. B. decrease as industry output increases. C. remain constant as industry output increases. D. not change systematically as industry output increases.