Suppose the amount of human and natural resources in an economy increase. Which one of the following would be the long-run effect? GDP Deflator decreases, no change in RGDP GDP Deflator increases, RGDP increases GDP Deflator increases, no change in RGDP GDP Deflator decreases, RGDP increases

The gross domestic product (GDP) of the United States is defined as the all in a given period of time. Based on this definition, indicate which of the following transactions will be included in (that is, directly increase) the GDP of the United States in 2023. Scenario Generic Motor Company, a U.S. automobile company, produces a pickup truck at a manufacturing facility in Lordstown on January 6, 2023. It sells the car at a dealership in Dallas on February 2, 2023. Graincorp, a U.S. agricultural company, produces corn syrup at a plant in Iowa on September 25, 2023. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2023. (Note: Focus exclusively on whether production of the corn syrup increases GDP directly, and ignore the effect of production of the cereal on GDP.) Using wood from a red maple tree on your Michigan property you make a birdhouse in 2023. A similar birdhouse sells for $55 in a craft store. Sleepytown, a…

Based on this definition, indicate which of the following transactions will be included in (that is, directly increase) the GDP of the United States in 2021. Scenario Sleepytown, a Finnish furniture company, produces a bed frame at a plant in Virginia on December 12, 2021. It sells the bed frame to a college student on December 30. Thickburger, a U.S. fast-food company, produces a double cheeseburger at one of its many locations throughout the midwest on January 12, 2021. It sells the double cheeseburger to a customer that same day. Using wood from a red maple tree on your Michigan property you make a birdhouse in 2021. A similar birdhouse sells for $55 in a craft store. Athena's, a U.S. shoe company, produces a pair of basketball shoes at a plant in Honduras on March 22, 2021. Athena's imports the pair of basketball shoes into the United States on May 27, 2021. Cleancutters, a U.S. lumber company, produces wood at a plant in Oregon on September 6, 2021. It sells the wood to Buildit…

An increase in costs of production is illustrated by: Price Level (P) SRAS SRAS* F P₂ b P₁ g Q1 Q2 Q3 Q4 Real GDP (Q) Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a a rightward shift from SRAS to SRAS*. b a leftward shift from SRAS* to SRAS. C a movement from point b on SRAS to point fon SRAS*. d a movement from point a to point b along SRAS.