If the economy is at full employment, then the inflation rate
A) is less than the expected inflation rate.
B) is equal to zero.
C) can be anywhere on a short-run Phillips curve.
D) is equal to the expected inflation rate.
E) exceeds the expected inflation rate.
D
Economics
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Thinking as an economist would, which is TRUE of investment?
A) Investment is putting money into stocks and bonds. B) Investment is a stock concept. C) Investment represents spending on capital goods. D) It is the portion of disposable income that is not used for consumption or saving.
Economics
When measuring the actual output produced in an economy, one should focus on GDP measured in nominal terms
Indicate whether the statement is true or false
Economics