Author Question: There are two basic ways a nation can increase long-run real GDP. a. Create more money and increase ... (Read 120 times)

a0266361136 · **on:** Jun 30, 2018

There are two basic ways a nation can increase long-run real GDP.
a. Create more money and increase government spending.
b. Current account surpluses and education.
c. Provide more and/or better inputs to the production process and improve the efficiency of the production process.
d. Reduce nominal interest rates and increase consumption and investment.
e. All of the above.

Question 2

The spot market is:
a. Another term for an over-the-counter-exchange.
b. The market for current delivery.
c. The market for delivery in the future.
d. The market for current deliveries but future payments.