Ahmed bought the same goods and services this year as last year. But, he has experienced inflation. This means ________.
A. he has more income to spend on goods and services
B. the prices of goods and services has increased in general
C. the prices of all his goods and services has increased
D. he can afford to buy more of everything
Answer: B
Economics
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The figure above shows the production possibilities frontiers for four nations that have identical production possibilities frontiers in the present. The one that will grow most rapidly in the future is most likely to be producing at point
A) A. B) B. C) C. D) D.
Economics
A change in real GDP divided by a change in investment is called the:
a. spending multiplier. b. demand multiplier. c. equilibrium multiplier. d. investment multiplier. e. spending multiplier
Economics