If nominal GDP increases from one year to the next, then
A) production must have increased.
B) production could have increased, decreased, or stayed the same.
C) prices must have increased.
D) prices and production must both have increased.
E) prices and production must both have decreased.
B
Economics
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Refer to the above figure. At demand curve D2, price equals ________ and economic rent equals ________
A) OF; KHG B) OF; FHGO C) OE; EKGO D) OE; KHG
Economics
What was not one of the primary reasons why people opposed the First and Second Banks of the United States?
a. They printed too much money and triggered a substantial inflation. b. They had monopoly control over some banking activities. c. They were unconstitutional. d. They did not provide sufficiently generous lending policies.
Economics