Assume that the growth rate of real GDP in Astoria is 7.5%. Assume the growth rate of velocity is 0%
If Astoria's current annual inflation rate of 5.99%, the growth rate of the money supply will be
A) -1.51%.
B) 1.51%.
C) 5.99%.
D) 13.49%.
D
Economics
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Which of the following indicates that the average standard of living is rising?
a. Real GDP decreases faster than the price level. b. Real GDP increases faster than the price level. c. The population increases. d. Real GDP increases faster than the population. e. Population increases faster than real GDP.
Economics
The wage premium in the United States has risen consistently starting in
a. 1973. b. 1975. c. 1978. d. 1983.
Economics