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As the real wage rate increases, the

The Laffer curve is the relationship between

If real GDP is $11,750 billion and aggregate hours are 175 billion, labor productivity equals

In the short run, the equilibrium level of real GDP

In the equation, GDP = C + I + G + X – M, G refers to

The tax rebates passed by Congress in 2008 to help move the economy more rapidly toward potential GDP are an example of

A bank cannot create money unless its ________.

If the economy is at full employment

GDP can be computed as the sum of

Two methods of measuring GDP are