Increases due to substitution effect
Increases due to income effect
Increases both due to substitution and income effect
Decreases due to both substitution and income effect
A. W. Phillips
J. M. Keynes
R. F. Kahn
Ernst Engel
The GDP deflator is equal to zero
The GDP deflator is equal to one
The GDP deflator is less than one
None of the above is correct
(a) The inputs available (capital, labour, land etc.)
(b) The economy’s technological efficiency
Both (A) and (B) together
None of the above
Education
Training
Health services
All the above