Deflating a nominal quantity is the process of dividing a ________ quantity by a ________ in order to express the quantity in ________ terms.
A. real; nominal quantity; real
B. nominal; price index; real
C. real; price index; nominal
D. nominal; real quantity; nominal
Answer: B
Economics
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Which of the following will not cause the labor demand curve to shift to the right?
A) a technological improvement that increases labor productivity B) an increase in human capital in the labor force C) an increase in the market wage rate D) an increase in the price of the firm's product
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The price of a Treasury bond futures contract is set
A) by the federal government. B) by the Chicago Board of Trade. C) by the Federal Reserve. D) as a result of bidding and offering by market participants.
Economics