Question
The government spend $10 million building a road, and real GDP increased by $5 million. Because of the new spending, what must have happened to
The government spend $10 million building a road, and real GDP increased by $5 million. Because of the new spending, what must have happened to prices?
Select one:
a.
Prices must have risen.
b.
Prices must have stayed the same.
c.
All of these are true.
d.
None of these are true.
e.
Prices must have fallen.
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
