Author Question: When output is held constant, inflation does which of the following? (a) Increases real GDP (b) ... (Read 105 times)

naturalchemist · **on:** Jun 30, 2018

When output is held constant, inflation does which of the following?

(a) Increases real GDP
(b) Increases real income
(c) Increases government spending
(d) Reduces the purchasing power of individuals
living on fixed incomes.

Question 2

Policies aimed at reducing the natural rate of unemployment are referred to as

a. stabilization policies.
b. structural policies.
c. macroeconomic policies.
d. labor policies.