Robert received a $100 gift certificate to a bookstore a year ago. The economy has been in an inflationary period for the last year. This gift certificate is
A) expressed in real terms and is worth more.
B) expressed in nominal terms and is worth less.
C) not expressed in either real or nominal terms since it is not money.
D) adjusted in terms of the CPI.
B
Economics
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The efficient level of college enrollment in Inland is
A) 0.6 million students per year. B) 0.7 million students per year. C) 0.8 million students per year. D) 0.5 million students per year.
Economics
A government spending and taxation policy to achieve macroeconomic goals is known as:
a. countercyclical policy. b. fiscal policy. c. monetary policy. d. a balanced budget. e. presidential discretion.
Economics