Multiple Choice
Suppose the average price of gasoline in Canada doubled.Accompanying the increase in gas prices was a decrease in new automobile sales.Other things equal,if this trend continued,real GDP would likely ________ and the output gap would become ________.
A) rise; more negative
B) rise; less negative
C) fall; more negative
D) fall; less negative
Correct Answer:
Verified
Correct Answer:
Verified
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