If, between 2008 and 2018, the economy's real GDP grew from $20 billion to $40 billion, what was the average annual growth rate in the economy?

A sharp reduction in the U.S. debt-GDP ratio occurred

A) between 1998 and 2001 . B) between 1996 and 1997. C) between 1994 and 1995. D) between 1993 and 1995.

If the government uses expansionary monetary or fiscal policies to counter the output-effects of cost-push inflation, then the economy is likely to experience:

A. A decline in nominal wages B. An inflationary spiral C. A recession D. Disinflation