Which of the Following Can a Country Increase in the Long

question 232

Multiple Choice

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

• A)the nominal wage.
• B)real output.
• C)real interest rates.
• D)the real wage.

---

Definitions:

Raw Material

Basic substances in their natural, modified, or unprocessed states used as inputs to production or manufacturing.

Inventory

Goods and materials that a business holds for the ultimate goal of resale or production.

GAAP

Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting used in any given jurisdiction; generally known as the standard guidelines for financial accounting.

Purchasing Department

The division within an organization responsible for acquiring goods, services, and equipment necessary for its operations.