Other Things the Same,continued Technological Progress and Continued Increases in the Money

question 62

Multiple Choice

Other things the same,continued technological progress and continued increases in the money supply would unambiguously lead to

• A)rising prices only.
• B)rising real GDP only.
• C)rising prices and rising real GDP.
• D)neither rising prices nor rising real GDP.

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Definitions:

Passenger

An individual who travels in a vehicle, aircraft, or vessel, but does not operate it or work as part of the crew.

Fixed Costs

Costs that do not fluctuate with the volume of production or sales, such as rent, salaries, or insurance premiums.

Janitorial Costs

Expenses associated with cleaning and maintaining a company's premises, including wages for janitorial staff and cleaning supplies.

Fixed Cost

A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.