Which of the Following Is NOT a Reason Why Real

question 330

Multiple Choice

Which of the following is NOT a reason why real GDP can be expanded beyond a level consistent with its long-run growth path in modern Keynesian analysis?

• A) In the short run, existing workers can work more hours.
• B) Prices and wages are flexible, allowing for needed adjustments.
• C) The existing capital stock can be used more intensively.
• D) Higher prices induce firms to hire more workers.

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Definitions:

Duty to Serve

The obligation of certain entities to provide services to all potential customers within a specified area or domain, often used in the context of utilities or public services.

Duty to Account

An obligation to provide a detailed report of financial transactions or holdings, typically mandated in fiduciary relationships or other scenarios demanding transparency and accountability.

Best Interest

The most favorable or advantageous course of action for an individual or entity, often used in legal and financial contexts to determine what practices or decisions will most benefit the party in question.

Compete

To engage in an effort to win or excel against others, often in business, sports, or any area where performance and achievement are measured against others.