The supply of real GDP is a function of

A) the total expenditures of consumers, investors and government.
B) the sum of wages, salaries, corporate profits, rents and interest.
C) only the state of technology.
D) the quantities of labor, capital and the state of technology.


D

Economics

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Michael Woodford says the following is an advantage of interest-rate instruments for central banks

A) Conduct monetary policy without inflation. B) Conduct monetary policy even if checking deposits pay interest at competitive rates. C) Conduct monetary policy without government approval. D) Conduct monetary policy with consumers in mind. E) Conduct monetary policy with workers in mind.

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Presumably, since the United States is a large country in many of its international markets, a positive optimum tariff exists for this country

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Some form of financial distress can become a full-blown recession if risk lead to ____ interest rates and ____ aggregate demand.

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Economics