Over time, a country's real GDP per capita typically:
A. shrinks
B. grows.
C. remains stable.
D. increases and decreases randomly.
Answer: B
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In periods of inflation, wages generally increase to compensate for higher prices
Indicate whether the statement is true or false
The U.S. experience with expansionary measures from 1930 to 1945
a. repudiated the pump-priming theory. b. verified the pump-priming theory. c. repudiated the multiplier theory. d. repudiated the deficit-spending theory.
Suppose the demand for Tesla cars decreases and the supply of Teslas increases. What effect will it have on the equilibrium price for Tesla cars?
a. There will be no change b. Uncertain c. It will fall d. It will rise
Based on the model of the money market, when real income decreases, the equilibrium interest rate should:
A. stay the same. B. increase. C. decrease. D. increase to the same extent that the supply of money increases.