The quantity of real GDP rises with the price level, ceteris paribus
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Fundamentally, to reap the benefits of specialization, an economy must
A) be heavily industrial. B) be heavily agricultural. C) have an extensive system of higher education. D) develop ways for individuals to trade goods with one another.
Which of the following indicates the major difference between monopolists and competitive price searchers?
a. Monopolists will always be able to make economic profit; competitive price searchers will not. b. Barriers to entry are high under monopoly but low in competitive price-searcher markets. c. Monopolists will face a downward-sloping demand curve; competitive price searchers will not. d. Unregulated monopolists will charge prices that exceed marginal cost; competitive price searchers will not.
YearReal GDP (in billions of 2005 Dollars)Population (in Millions of People)1999$10,780279.632000$11,226282.4 Refer to Table 9.1. What was real GDP per capita in 1999?
A. $40,193 B. $38,173 C. $39,752 D. $38,596
Saving is negative below a disposable income of
A. 0.
B. 1500.
C. 2000.
D. 2500.