If for a given year nominal GDP is $2000 billion and real GDP is $1500 billion, then the GDP price index is
A) 100. B) 1.33. C) 750. D) 0.75. E) 133.
E
Economics
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In an oligopoly market
A) individual firms pay no attention to the behavior of other firms. B) one firm's pricing decision affects all the other firms. C) the pricing decisions of all other firms have no effect on an individual firm. D) advertising of one firm has no effect on all other firms.
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Deflation
a. is bad for lenders b. is good for borrowers c. is high inflation d. alone could boost people's real incomes e. explains why personal bankruptcies decline
Economics