Question 45 Listen The "Solow" growth rate is the rate of economic growth in the long run, or that occurs when: O a) prices and wages are flexible. O b) prices and wages are sticky. Oo inflation is moderate. d) the money supply is growing. Question 46 ( 4) Listen If price levels didn't increase as much as the price levels were expected to rise: a) there will be no change in real GDP growth because it is determined by real factors. O b) firms' profits will increase. O) firms will reduce their output. O d) money growth will cause the short-run aggregate supply curve to shift.

Question 45 Listen The "Solow" growth rate is the rate of economic growth in the long run, or that occurs when: O a) prices and wages are flexible. O b) prices and wages are sticky. Oo inflation is moderate. d) the money supply is growing. Question 46 ( 4) Listen If price levels didn't increase as much as the price levels were expected to rise: a) there will be no change in real GDP growth because it is determined by real factors. O b) firms' profits will increase. O) firms will reduce their output. O d) money growth will cause the short-run aggregate supply curve to shift.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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