What is the Council of Economic Advisers?
What will be an ideal response?
The Council of Economic Advisory is responsible for assisting and advising the president on economic affairs. One of its principal responsibilities is to prepare an annual report for the president that is submitted to Congress that describes the state of the economy and recommends economic policies to achieve full employment, control inflation, and encourage economic growth.
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A share of stock might be included in the definition of the money supply since it serves which of the following functions of money?
A) unit of account and a store of value B) store of value C) medium of exchange since it can be easily sold D) B and C are both correct.
Real GDP is another term for
a. current dollar GDP. b. actual GDP. c. constant dollar GDP. d. tangible GDP.