Author Question: Suppose there has been an increase in investment. As a result, real GDP will ________ in the short ... (Read 76 times)

amal · **on:** Jun 29, 2018

Suppose there has been an increase in investment. As a result, real GDP will ________ in the short run, and ________ in the long run.

A) decrease; increase to its initial level B) increase; increase further
C) increase; decrease to its initial value D) decrease; decrease further

Question 2

Refer to Table 20-14. The percentage change in real average earnings from 1965 to 2010 equals

A) 2.0 percent. B) 19.7 percent. C) 24.6 percent. D) 80.3 percent.