In Which Case Can We Be Sure That Real GDP

question 288

Multiple Choice

In which case can we be sure that real GDP rises in the short run?

• A)foreign economies expand and the money supply increases
• B)foreign economies expand and the money supply decreases
• C)foreign economies contract and the money supply decreases
• D)None of the above are correct.

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Definitions:

Obligee

The party in a contract or agreement who is entitled to receive a benefit or performance from the other party, known as the obligor.

Delegatee

An individual or party to whom a task, duty, or responsibility has been delegated or transferred.

Personal Services

Services provided to individuals that may include care, advice, or professional work, typically requiring personal skills or effort.

Executory Contract

A contract under which both parties have obligations that are yet to be fulfilled.