Credit cards are:
a. M1 money.
b. M2 money.
c. near money.
d. not money.
d
Economics
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During the business cycle,
A) real GDP fluctuates around nominal GDP. B) nominal GDP fluctuates around real GDP. C) real GDP fluctuates around its trend. D) trend GDP fluctuates around real GDP. E) real GDP falls after the trough.
Economics
On the 45-degree line diagram, the 45-degree line shows points where real aggregate expenditure equals
A) nominal GDP. B) unplanned investment. C) real GDP. D) planned investment.
Economics