Suppose nominal GDP in 2009 does not change (compared its previous level in 2008). Given this information, we know with certainty that
A) real GDP increased during 2009.
B) the GDP deflator increased during 2009.
C) both the GDP deflator and real GDP fell during 2009.
D) more information is needed to answer this question.
D
Economics
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Trade-offs are involved in most policy decisions
a. True b. False Indicate whether the statement is true or false
Economics
Buddy bought a bond last year for $10,000. His bond pays $1,000 a year. This year a bond that sells for $10,000 pays $900 a year. If Buddy were to sell his (old) bond, its price would be approximately
A) $11,111. B) $10,120. C) $9,000. D) $12,000. E) $9,500.
Economics