What Would Cause Prices and Real GDP to Rise in the Short

question 234

Multiple Choice

What would cause prices and real GDP to rise in the short run?

• A) an increase in the expected price level
• B) an increase in the money supply
• C) a decrease in the capital stock
• D) an import tariff

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Definitions:

Behaviour

What people actually do that can be objectively measured.

Legitimised

Made acceptable, lawful, or officially approved, often in a social, legal, or moral context.

Enshrined

Describes something that is preserved or cherished as if sacred, often in reference to principles, rights, or values embedded within legal or moral codes.

Prejudices

Preconceived opinions that are not based on reason or actual experience, often leading to biased attitudes towards individuals or groups.