If the population and GDP increase by the same percentage, then real GDP per capita:
A. stays the same.
B. increases.
C. decreases.
D. may change, but one cannot be sure of the direction.
Ans: A. stays the same.
Economics
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Construct a graph of the aggregate goods and services market for an economy experiencing the following
a. a recession b. full employment c. an economic boom
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Which of the following has never been a monetary policy tool of the Fed?
A) open market operations B) the required reserve ratio C) the discount rate D) the term auction facility (TAF) program E) income tax rates
Economics