Suppose the amount of human and natural resources in an economy increase. Which one of the following would be the long-run effect? GDP Deflator decreases, no change in RGDP GDP Deflator increases, RGDP increases GDP Deflator increases, no change in RGDP GDP Deflator decreases, RGDP increases

Suppose the amount of human and natural resources in an economy increase. Which one of the following would be the long-run effect? GDP Deflator decreases, no change in RGDP GDP Deflator increases, RGDP increases GDP Deflator increases, no change in RGDP GDP Deflator decreases, RGDP increases

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter9: Aggregate Expenditures

Section: Chapter Questions

Problem 7E

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Question

Suppose the amount of human and natural resources in an economy increase. Which one of the following would be the long-run effect?

GDP Deflator decreases, no change in RGDP

GDP Deflator increases, RGDP increases

GDP Deflator increases, no change in RGDP

GDP Deflator decreases, RGDP increases

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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