Which of the Following Can a Country Increase in the Long

question 75

Multiple Choice

Which of the following can a country increase in the long run by increasing its money growth rate?

• A)the nominal wage divided by the price level
• B)real output
• C)real interest rates
• D)the price level

---

Definitions:

Equilibrium Price

The cost at which the amount of a product or service that consumers want to buy matches the amount that producers are willing to sell.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where market supply and demand balance.

Quantity Demanded

The collective measure of a commodity or service that people are eager and have the means to purchase at an identified price level.

Quantity Supplied

Refers to the total amount of a good that producers are willing to sell at a given price over a specific period.