ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Price level (GDP price index, 2009 = 100) Potential GDP AS2 ASI 0 Real GDP (trillions of 2009 dollars) The change reflected in the above figure might be a result of O a decrease in the money prices of resources other than labor. a decrease in the quantity of capital. Oa rise in the money wage rate. O a fall in the price level. an increase in the quantity of labor.
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Transcribed Image Text:Price level (GDP price index, 2009 = 100) Potential GDP AS2 ASI 0 Real GDP (trillions of 2009 dollars) The change reflected in the above figure might be a result of O a decrease in the money prices of resources other than labor. a decrease in the quantity of capital. Oa rise in the money wage rate. O a fall in the price level. an increase in the quantity of labor.
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