Based on the notation presented in Chapter 2, which of the following expressions represents real GDP?
A) Yt
B) PtYt
C) Yt/Pt
D) $Yt/Pt
A
Economics
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Compare the distribution of income in the United States with the distribution of income in other high-income countries
What will be an ideal response?
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Which of the following causes an increase in demand for a normal good?
A) increase in the price of a substitute B) increase in the price of a complement C) decrease in price D) decrease in income
Economics