The core rate of inflation is a measure of the relative price changes that excludes changes in energy and food prices

Suppose real GDP is currently $12.5 trillion and potential real GDP is $13 trillion. If the president and Congress increased government purchases by $500 billion, what would be the result on the economy?

What will be an ideal response?

The best explanation for the end of free immigration in the 1920s is _____

a. the belated recognition that immigrants remitted large sums of money to their homelands undermining the balance of payments b. the fear that America would be deluged by immigrants fleeing the war devastated economies of central and eastern Europe c. the growing realization that free immigration produced a burdensome increase in welfare roles d. the growing realization that free immigration undermined the incomes of blacks and women