P x Q is:
a. A stock value.
b. A flow value.
c. Totally unrelated to stocks and flows.
d. Equal to real GDP
.B
Economics
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A formal agreement among the firms in an industry to coordinate their production and pricing decisions in order to earn monopoly profits is known as
a. price discrimination b. the kinked demand curve c. monopolistic competition d. a cartel e. joint competition
Economics
If a lender charged a 4 percent nominal interest rate and the expected inflation rate is 1 percent, what is the difference between the real rate the lender received and the real rate the lender expected when actual inflation ended up being 1 percent?
a. 2 percent b. 4 percent c. -4 percent d. 1 percent e. 0 percent
Economics