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Author Question: Real GDP can increase if the i. quantities of goods and services produced decrease and prices ... (Read 40 times)

xclash

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  • Posts: 681
on: Jun 30, 2018
Real GDP can increase if the
 
  i. quantities of goods and services produced decrease and prices fall by a smaller percentage.
  ii. quantities of goods and services produced decrease and prices fall by a larger percentage.
  iii. quantities of goods and services produced decrease and prices do not change.
  iv. quantities of goods and services produced increase.
  A) i and iii B) iii only C) i only D) iv only E) i, ii, and iii

Question 2

As the real wage rate rises, the opportunity cost of
 
  A) working rises.
  B) saving rises.
  C) leisure rises.
  D) buying goods and services rises.
  E) leisure falls.


manuelcastillo

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


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