Increased production, but not increased inflation, will result in higher:
a. nominal GDP.
b. money GDP.
c. real GDP.
d. current dollar GDP.
c
You might also like to view...
A newspaper article in commenting on the local electric monopoly tells its readers that the company's dominant economic position as a monopolist allows it to produce whatever output level it desires and to set whatever price it wishes
Critically evaluate this position.
A firm charges each customer the highest price that customer will pay for the marginal unit under
a. perfect competition b. oligopoly c. monopolistic competition d. single-price monopoly e. perfect price discrimination
Firms with identical cost structures in a competitive market will have an upward sloping market long-run supply curve
a. true b. false
Which of the following occurs in the long run neoclassical growth model without technological change?
A. Capital deepening ceases. B. Real wages stop growing. C. The return to capital is constant. D. Real interest rates are constant. E. All of the above.