Suppose we switch the base year from 2000 to 2008. This change in the base year will cause
A) nominal GDP in every year to increase.
B) nominal GDP in every year to decrease.
C) both nominal and real GDP in every year to decrease.
D) real GDP in every year to decrease.
E) none of the above
E
Economics
You might also like to view...
At the midpoint of a downward sloping straight-line demand curve, the demand
A) is elastic. B) is unit elastic. C) is inelastic. D) has an elasticity exactly equal to zero.
Economics
An increase in the federal funds rate is a signal that the Fed wants a tighter monetary policy.
Answer the following statement true (T) or false (F)
Economics