A real variable is one that is
a. not adjusted for the dollar's changing value
b. measured in current dollars
c. adjusted for the dollar's changing value
d. not measured in terms of goods and services
e. not adjusted for changes in the price level
C
You might also like to view...
Consider the following cost information for a monopolist: its MR = $15, its MC = $23, and it is producing 9 units of output. Which of the following statements is correct?
a. The monopolist should produce and sell 9 units of output. b. The monopolist should increase production of output. c. We need more information to decide if the firm needs to produce. d. The monopolist should not produce this output because MR < MC.
Keynesians believe that the most important shocks for affecting the business cycle are
A) productivity shocks. B) aggregate supply shocks. C) aggregate demand shocks. D) government spending shocks.