An external effect that generates costs to a third party is called

A persistent decline in the price level resulting from economic growth in the presence of stable aggregate demand is known as

A) secular deflation. B) the interest rate effect. C) the real balance effect. D) demand-side deflation.

A Chinese worker started working in the U.S. and earned an income of $10,000 during a certain year. This will lead to a(n) ________ in the same year

A) increase in the GDP of U.S B) increase in the GNP of U.S. C) decrease in the GDP of China D) increase in the GDP of China