Are money and income the same thing?
A. No, money is measured at a point in time and income is measured for a period of time.
B. No, money is measured for a period of time and income is measured at a point in time.
C. Yes, they are just measured in different ways.
D. Yes, the only difference is real versus nominal.
Answer: A
Economics
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When the economy is hit by a negative demand shock and the central bank pursues policies to increase aggregate demand to its initial level, then
A) inflation will be lower. B) output will be at its potential. C) output will be lower. D) inflation will be unchanged. E) both B and D.
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The nonwhite percentage of the U.S. population rose after the Civil War
Indicate whether the statement is true or false
Economics