Author Question: Assume that a country has had a relatively steady growth of aggregate real GDP. A higher population ... (Read 104 times)

fahad · **on:** Jun 30, 2018

Assume that a country has had a relatively steady growth of aggregate real GDP. A higher population growth tends to

A) increase the level of economic freedom. B) increase the level of dead capital.
C) increase the growth of per capita real GDP. D) reduce the growth of per capita real GDP.

Question 2

Which of the following is consistent with secular deflation?

A) a persistently decreasing price level caused by money being withdrawn from the economy
B) a persistently increasing price level caused by several periods of economic growth with decreasing AD
C) a persistently decreasing price level caused by increases in government expenditures
D) a persistently decreasing price level caused by several periods of economic growth with stable AD