Other things the same, continued losses in technological ability and continued decreases in the money supply would unambiguously lead to
a) neither declining prices nor declining real GDP.
b) declining real GDP only.
c) declining prices only.
d) declining prices and declining real GDP.
Ans: b) declining real GDP only.
Economics
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Inflation was a problem during the Great Depression
Indicate whether the statement is true or false
Economics
Is the actual amount of output that corresponds to the long-run aggregate supply curve fixed? Explain.
What will be an ideal response?
Economics
Suppose the civilian non-institutional population equals 250,000; there are 132,500 employed persons and 10,000 unemployed persons. How many persons are not in the labor force?
A) 122,500 B) 77,500 C) 63,500 D) 107,500
Economics
In the above figure, what is total profit at the profit-maximizing point?
A. $56 B. $70 C. $14 D. $42
Economics