Author Question: Increased production, but not increased inflation, will result in higher: a. nominal GDP. b. money ... (Read 131 times)

Chelseaamend · **on:** Jun 30, 2018

Increased production, but not increased inflation, will result in higher:
a. nominal GDP.
b. money GDP.
c. real GDP.
d. current dollar GDP.

Question 2

Suppose workers become pessimistic about their future employment, which causes them to save more and spend less. If the economy is on the intermediate range of the aggregate supply curve, then:
a. both real GDP and the price level will fall.
b. real GDP will fall and the price level will rise.
c. real GDP will rise and the price level will fall.
d. both real GDP and the price level will rise.