If the price of inputs falls and the budget deficit rises due to an increase in government spending, then the:
a. Price index falls, and real GDP rises.
b. Price index falls, and real GDP falls.
c. Price index falls and the change in real GDP is uncertain.
d. Price index is uncertain, and real GDP rises.
e. Price index is uncertain, and real GDP falls.
.D
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People who are working up to 34 hours per week but would like to work more are considered
A) involuntary part-time workers. B) discouraged workers. C) job leavers. D) job seekers. E) unemployed.
Which of the following laws was enacted to forbid monopolization and attempts to monopolize?
a. The Anti-Monopoly Act b. The Sherman Antitrust Act c. The Trade Act d. The National Banking Act e. The Celler-Kefauver Act
Suppose that Alpha's real output rose from $400 billion in year 1 to $428 billion in year 2. Its growth rate for this period was:
A. 14 percent. B. 12 percent. C. 9 percent. D. 7 percent.
When the U.S. dollar rises in value, this tends to _____ our imports and ______ our exports.
Fill in the blank(s) with the appropriate word(s).