Which of the following accurately measures the welfare or happiness of society?
A) Nominal GDP
B) Real GDP
C) Both Nominal GDP and Real GDP
D) None of the above.
D
Economics
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If consumer pays entire tax, good is _________________.
Fill in the blank(s) with the appropriate word(s).
Economics
What is the reason that stabilization policies do NOT have an immediate effect on an economy?
A) Consumers are slow to catch up on spending. B) Imports come into the country too fast. C) Exports often are not shipped fast enough. D) There is a time lag for policies to take effect.
Economics