When the GDP is measured using "adjustments for price changes" it is known as the

A) real GNP. B) nominal GDP. C) real GDP. D) nominal GNP.

C

Economics

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Fiscal policy is a change in either government purchases or the money supply designed to change total spending in the economy, thereby influencing the levels of employment and output

a. True b. False

Economics

Production

A) is a process by which resources are produced. B) is a process by which resources are transferred into goods and services. C) only applies to manufacturing of goods. D) is carried on by corporations, but not by sole proprietorships.

Economics