At full employment, the expected inflation rate is
A) higher than the inflation rate.
B) unrelated to the inflation rate.
C) equal to the inflation rate.
D) lower than the inflation rate.
E) unknown.
C
Economics
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The percentage change in per capita real GDP measures economic growth because it takes into account all of the following variables EXCEPT
A) the percentage change in population. B) the percentage change in nominal GDP. C) the percentage change in the quality of life. D) the percentage change in the inflation rates.
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Refer to Figure 11.5. A decrease in exports is best illustrated by diagram
A) A. B) B. C) C. D) D.
Economics