In determining real GDP, economists adjust the nominal GDP by using the:
A. national productivity index.
B. wholesale (producers') price index.
C. GDP price index.
D. consumer price index.
C. GDP price index.
Economics
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Which of the following might lead banks to hold more reserves?
A. An increase in the demand for loanable funds B. A decrease in the legal reserve requirement C. Fear that customers will want to withdraw most of their deposits D. Fear that businesses may decide to borrow less to fund investments
Economics
What is the relationship between actual and potential real GDP?
What will be an ideal response?
Economics