i. What happens if the population increases, but the supply of goods and services available to the market does not change? A. As a result of the non-adaptation of the supply, the demand increases and causes an increase in the price that is reflected in an increase in inflation. B. As a consequence, demand increases, there is a drop in prices and with it an increase in inflation. C. The demand rises because of equalizing with the maintained supply, there is a rise in prices that is reflected in an increase in inflation. D. As supply remains unchanged, demand shifts to the left and causes a rise in prices that reflects an increase in inflation.
Q1.
i. What happens if the population increases, but the supply of goods and services available to the market does not change?
A. As a result of the non-adaptation of the supply, the demand increases and causes an increase in the
B. As a consequence, demand increases, there is a drop in prices and with it an increase in inflation.
C. The demand rises because of equalizing with the maintained supply, there is a rise in prices that is reflected in an increase in inflation.
D. As supply remains unchanged, demand shifts to the left and causes a rise in prices that reflects an increase in inflation.
ii. The GDP of a nation is made up of ""n"" goods. There is an expansion in demand in all the markets that are part of the GDP calculation. For there to be an increase in real GDP without inflation, it must occur ..."
A. That the offers of the n markets are fully elastic, that is, they have a slope equal to 1.
B. That the offers of the n markets are totally inelastic, that is, they have a slope equal to 0.
C. That the offers of the n markets are fully elastic, that is, they have a slope equal to 0.
D. That the offers of the n markets are totally inelastic, that is, they have a slope equal to 1.
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