In the Short Run, Real GDP Can Increase Beyond a Level

question 198

Multiple Choice

In the short run, real GDP can increase beyond a level consistent with the long-run growth path if

• A)existing capital and labor are used more intensely.
• B)the price level decreases accordingly.
• C)we measure in nominal terms instead of real terms.
• D)there is an increase in marginal tax rates.

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An educational session or course where mathematical theories, principles, and problem-solving techniques are taught.

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