Real GDP evaluates current production using prices that are fixed at past levels and therefore shows how the economy's overall production of goods and services changes over time
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The U.S. tax-transfer system (as distinct from the tax system alone) is:
A. progressive. B. proportional. C. bimodal. D. regressive.
Economics
Which of the following is true about the chairman of the Federal Reserve Board of Governors?
A. The chairman is elected by the Fed regional bank presidents. B. The chairman serves a 21-year term. C. A new chairman is elected as soon as a new U.S. president takes office. D. The chairman can be reappointed for more than one term.
Economics