Author Question: When per capita real GDP is increasing, real output is growing: a. more rapidly than prices. b. ... (Read 52 times)

PhilipSeeMore · **on:** Jun 30, 2018

When per capita real GDP is increasing, real output is growing:
a. more rapidly than prices. b. more rapidly than population.
c. less rapidly than prices. d. less rapidly than population.

Question 2

Assume that an inflationary gap must be closed by reducing aggregate expenditures. If consumers refuse to cut spending on consumption and producers won't cut demand for investment goods, the President:
a. can do nothing.
b. must build more roads.
c. must borrow from Wall Street.
d. must increase Social Security expenditures.
e. must cut government spending.