Which of the following will NOT lead to an increase in real GDP? A. On average, people in a country decide to increase the number of hours they work by 5%. B. Spending on homeland security increases in response to a terrorist attack. C. The price level and nominal GDP increase by 10%. D. Due to lower interest rates by the Fed investors increase their investments
Which of the following will NOT lead to an increase in real GDP? A. On average, people in a country decide to increase the number of hours they work by 5%. B. Spending on homeland security increases in response to a terrorist attack. C. The price level and nominal GDP increase by 10%. D. Due to lower interest rates by the Fed investors increase their investments
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section: Chapter Questions
Problem 14QP
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Question
Which of the following will NOT lead to an increase in real
A. |
On average, people in a country decide to increase the number of hours they work by 5%.
|
|
B. |
Spending on homeland security increases in response to a terrorist attack.
|
|
C. |
The price level and nominal GDP increase by 10%. |
|
D. |
Due to lower interest rates by the Fed investors increase their investments |
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