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Author Question: The short-run effect of an increase in the money supply is to A) increase real GDP only. B) ... (Read 126 times)

newbem

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on: Jun 29, 2018
The short-run effect of an increase in the money supply is to
 
  A) increase real GDP only.
  B) increase the price level only.
  C) increase both real GDP and the price level.
  D) increase nominal GDP but decrease the price level.

Question 2

Which of the following statements is NOT consistent with new growth theorists' beliefs?
 
  A) Innovation can lead to lower productivity costs.
  B) Inventions are much more important than innovation.
  C) Technology must be understood in terms of what drives it.
  D) Rewards lead to technological advances.


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mirabriestensky

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


newbem

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

momolu

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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