A Rapid Increase in the Number of Workers,other Things the Same,is

question 109

Multiple Choice

A rapid increase in the number of workers,other things the same,is likely in the short term to

• A)raise real GDP per person,but decrease real GDP.
• B)decrease both real GDP and real GDP per person.
• C)raise both real GDP and real GDP per person.
• D)raise real GDP,but decrease real GDP per person.

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Definitions:

Checkable Deposit Liabilities

These are bank account deposits that are immediately available to make payments and transfers, typically seen in checking accounts.

Excess Reserves

Funds that banks hold over and above the required minimum reserves set by the central bank, available for lending or investment.

United States Bonds

United States Bonds are debt securities issued by the U.S. Department of the Treasury to finance government spending as an alternative to taxation.

Money Supply

The complete sum of money available within an economy at a designated time frame.