This year, a nations long run equilibrium real gdp and price level both increase. which of the following combinations of factors might simultaneously account for both occurances?
a. an isolated earthquake at the begining of the year desroyed part of the nation capital stock, and the nations govermnet significantly reduced its purchases of goods and services
b. there was a minor technological improvements at th end of the previous year, and the quanity of money in circulation rose significantly.
c. labor productivity increased somewhat throughout the year and consumers significatly increased their total planned purchases of goods and services.
d. the capital stock increased somehat during the year, and the quanity of money in circulation decreased.
3 answers
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an isolated earthquake at the begining of the year desroyed part of the nation capital stock, and the nations govermnet significantly reduced its purchases of goods and services
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