Which of the following is included in U.S. GDP?
i. the rental value of homes owned by U.S. citizens
ii. the production of Suburban SUVs by GM in its plant in Mexico
iii. tickets sold by U2 for concerts held in the United States
A) i only B) ii only C) ii and iii D) i, ii and iii E) i and iii
E
Economics
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If an increase in the level of money supply leads to a proportionate increase in prices with no effect on real variables ,we say that
A) the Fisher relationship holds. B) money is neutral. C) money is superneutral. D) money is a medium of exchange.
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The demand curve facing a firm in monopolistic competition is elastic
Indicate whether the statement is true or false
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