When GDP Is Below Potential Output, Prices Fall Because

question 102

Multiple Choice

When GDP is below potential output, prices fall because

• A) firms can easily find new workers and are forced to offer higher wages, which decreases the costs of production.
• B) firms can easily find new workers and can offer lower wages, which decreases the costs of production.
• C) firms find it difficult to hire and retain workers and are forced to offer higher wages, which increases the costs of production.
• D) firms find it difficult to hire and retain workers and can offer higher wages, which decreases the costs of production.

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Gardner's Eight Types

Howard Gardner's theory that proposes eight distinct intelligences, including linguistic, logical-mathematical, and musical.

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