A new chain-weighted measure of real GDP

a. was introduced by the Bureau of Economic Analysis in 1995.
b. uses the average of prices in a given year and prices in the previous year instead of using prices in a base year as weights.
c. differs greatly from previous measures that utilized the base year method.
d. Both a and b
e. All of the above

D

Economics

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If European incomes rose, European tariffs on U.S. goods decreased, or their tastes for American goods increased, Europeans would demand ____ U.S. goods, leading them to ____ their supply of euros to obtain the added dollars necessary to make those purchases. a. more; increase

b. more; decrease. c. fewer; increase. d. fewer; decrease.

Economics

A bank wants to get rid of excess reserves by making loans because

a. it will be penalized if it does not get rid of the reserves b. the reserves do not earn interest c. it is afraid it will lose the excess reserves d. firms will not borrow from a bank with excess reserves e. the bank has too many liabilities

Economics