If real GDP rises from $500 billion to $510 billion, the economic growth rate is
A. 1.96 percent.
B. 2 percent.
C. -2 percent.
D. 10 percent.
Answer: B
Economics
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Which of the following variables that affect the money stock are outside the direct control of the Federal Reserve?
a. Currency/deposit ratio b. Excess reserve/deposit ratio c. Required reserve/deposit ratio d. The speed of the money creation process. e. Both a and b
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An industry that has many sellers offering slightly differentiated products is called:
A. perfectly competitive. B. monopolistic. C. oligopolistic. D. monopolistically competitive.
Economics