In Which Case Can We Be Sure That Real GDP

question 288

Multiple Choice

In which case can we be sure that real GDP rises in the short run?

• A)foreign economies expand and the money supply increases
• B)foreign economies expand and the money supply decreases
• C)foreign economies contract and the money supply decreases
• D)None of the above are correct.

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Definitions:

Judicial Remedy

Legal means through which a court enforces a right, imposes a penalty, or makes another court order to impose its will.

Execution

Execution refers to the carrying out of a plan, order, or course of action to its completion.

Levy

The obtaining of money by legal process through the seizure and sale of property, usually done after a writ of execution has been issued.

Buyer in Ordinary Course

A person who purchases goods in good faith from a seller who is in the business of selling such goods, without aware of any claims against the goods.