Will someone tell me how to figure this out? I don't need the answers as much as an explination.
If there is a decrease in wealth, real GDP will ________. (rise, fall)
If there is a decrease in wage rate, real GDP will ________ (rise, fall)
Consumers start to expect lower future incomes.
There is a decrease in productivity.
Consumers start to expect higher future prices.
There is a decrease in personal income taxes.
There is an adverse supply shock.
There is an increase in
And so on in that fashion
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