Multiple Choice
With fixed quantities of capital,land,and entrepreneurship and fixed technology,the amount of real GDP produced increases when ________ increases.
I.the quantity of labor employed
Ii.the inflation rate
Iii.the price level
A) i only
B) ii only
C) iii only
D) ii and iii
E) i,ii,and iii
Correct Answer:

Verified
Correct Answer:
Verified
Q236: Define potential GDP.Under what circumstances does actual
Q241: Human capital is acquired<br>A)only in school.<br>B)only through
Q243: The Lucas Wedge shows<br>A)the negative impact a
Q244: A reason a nation faces diminishing returns
Q245: Holding all other influences constant,the quantity of
Q247: Growth in the standard of living is
Q248: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" -According to the
Q249: Briefly define real and potential GDP,and explain
Q250: An increase in the real wage rate
Q251: One possible way of achieving faster economic