29. Given the annual statistics below, what will be the growth rate for real GDP?

-wage growth is 4 percent

-productivity growth is 3 percent

-nominal GDP growth is 5 percent

8 percent

6 percent

2 percent

4 percent

30. Along the AD curve, a drop in the price level will cause:

less spending as consumers expect higher prices in the future

less spending as foreigners reduce their imports of goods and services

more spending as the purchasing power of money increases

more spending as interest rates rise and businesses invest more