In the classical view, flexible wage rates would assure
A) low inflation.
B) high rates of unemployment.
C) high secular inflation rates.
D) full employment.
D
Economics
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Economic growth is best measured by increases in
A) per capita real Gross Domestic Product (GDP). B) nominal personal income. C) nominal Gross Domestic Product (GDP). D) per capita nominal Gross Domestic Product (GDP).
Economics
If the fundamental value of the exchange rate is ________ than the official (fixed) exchange rate, the country has an ________ problem, and it will gain reserves.
A. greater; overvaluation B. less; undervaluation C. greater; undervaluation D. less; overvaluation
Economics