which of the following is the best measure of economic growth a. inflation rate
ID: 1251558 • Letter: W
Question
which of the following is the best measure of economic growtha. inflation rate
b. population growth rate
c. real gdp growth rate
d. nominal gdp growth rate
which of the following is least likely to increase the economic growth rate, ceteris paribus
a. increased consumer spending
b. increased acquisition
c. increase in the capital stock
d. increase in productivity
a higher savings rate will
a. decrease the economic growth rate in the future
b. increase the economic growth rate in the future
c. have no effect on economic growth
if AD remains stable, then economic growth will result in
a. higher prices
b. lower prices
c. lower output
an economy that can rapidly adjust to changes in prices is more consistent with
a. classical theory
b. keynesian theory
c. both theories
aggregate demand slopes downwards because
a. as prices rise, households have less real worth
b. as prices rise, exports fall and imports rise
c. as prices rise, borrowing becomes more expensive
d. all of the above
an increase in input prices will
a. increase LRAS
b. increase SRAS
c. decrease AD
d. all of the above
under classical economic theory, a fall in AD will
a. decrease real wages
b. increase unemployment
c. decrease nominal wages
d. none of the above
Explanation / Answer
1 c 2 b 3 b 4 b 5 a 6 d 7 c 8. a
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