Author Question: If Year 1 is the base year, the growth of real GDP is approximately A) 100. B) 109.5. C) 137.5. ... (Read 35 times)

Jkov05 · **on:** Jun 30, 2018

If Year 1 is the base year, the growth of real GDP is approximately

A) 100.
B) 109.5.
C) 137.5.
D) 148.

Question 2

If output begins to grow substantially faster than capital and labor inputs, then the real business cycle model predicts, ceteris paribus, ________.

A) an increase in inflation
B) a decrease in employment
C) a decrease in investment
D) a business cycle expansion