Refer to Table 17.1. The employment rate for this simple economy is

In which of the following years did oil price movements contribute to holding down inflation?

A) 1986 B) 1998 C) 2001 D) All of the above.

If real GDP grows faster than nominal GDP, it is a sign that

A) inflation is negative. B) there is no inflation. C) there is inflation, but little. D) there is galloping inflation.