Gross Domestic Product is an economic aggregate that represents the
a. potential output of a country.
b. total product of a nation's economy.
c. total income earned from all sales.
d. total product that a country exports.
b
Economics
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An increase in ________ reduces the money supply since it causes the ________ to fall
A) reserve requirements; monetary base B) reserve requirements; money multiplier C) margin requirements; monetary base D) margin requirements; money multiplier
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In the context of insurance, everyone typically has to pay a higher premium because of:
A. risk pooling. B. diversification. C. risk aversion. D. adverse selection.
Economics