Economics Which of the following will reduce the price level and real output in the short run? a. an decrease in oil prices b. technical progress c. an increase in government purchases. d. a decrease in the money supply
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Economics
Which of the following will reduce the price level and real output in the short run?
a. an decrease in oil prices
b. technical progress
c. an increase in government purchases.
d. a decrease in the money supply
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- In 2020, the Venezuelan economy posted that their country’s GDP increased but the level of final products produced is unchanged. There were no new industries there and the same level of output is produced compared to 2019. What can be the explanation for this? a. An increase in import b. An increase in price level c. A decrease in the price level d. And increase in employmentWhich would likely increase the average level of interest rates for auto loans? Select one: a. An increase in inflation. b. An increase in the unemployment rate. c. A decrease in the level of business investment. d. A decrease in the amount of consumer spending.For the past several months, per capita output has grown more and more slowly, and unemployment has fallen, but both trends appear to have leveled off. Where in the business cycle is the economy? A.At a peak B.In a recession C.At a trough D.In an expansion Macroeconomics focuses on: A.The economy as a whole B.Individual decisions C.Wages D.The allocation of scarce resources
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