The combination of inflation and real growth shown by the AD curve give:
A. the same level of inflation.
B. the same level of money supply growth.
C. the same level of real GDP growth.
D. the same level of nominal GDP growth.
Ans: D. the same level of nominal GDP growth.
Economics
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The phrase "demand has decreased" means that
A) there has been an upward movement along a demand curve. B) a demand curve has shifted to the right. C) a demand curve has shifted to the left. D) there has been a downward movement along a demand curve.
Economics
Refer to Table 12-2. What is Margie's total revenue if she sells 250 pounds of apples?
A) $250 B) $500 C) $750 D) There is not enough information in the table to determine Margie's total revenue.
Economics