Refer to the data. Nominal GDP in year 3 is:
Use the following table for a hypothetical single-product economy.
A. $100.
B. $450.
C. $225.
D. $150.
B. $450.
Economics
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If the expected inflation rate is negative, the expected real interest rate must be
A) negative. B) less than the nominal interest rate. C) equal to the nominal interest rate. D) greater than the nominal interest rate. E) none of the above
Economics
Refer to the graphs below. Which one shows demand with a price-elasticity coefficient equal to zero?
A. Graph A
B. Graph B
C. Graph C
D. Graph D
Economics