Per capita real GDP is of limited use as a measure of economic well being for all the following reasons, except:
a. it says nothing about the quality of the environment.
b. it does not reflect the degree of personal freedom in a society.
c. it is not adjusted for changes in leisure time.
d. it is not adjusted for changes in the rate of inflation.
e. it says nothing about the distribution of income.
d
Economics
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________ in the currency drain ________ the money multiplier
A) A decrease; does not change B) An increase; increases C) A decrease; decreases D) An increase; decreases
Economics
If the percentage change in quantity supplied is 10%, and the percentage change in price is 10%, then the supply for the good is
A. perfectly inelastic. B. elastic. C. inelastic. D. unit elastic.
Economics