The nutritional information now available at many fast food restaurants is an example of:
A. a failed attempt by government to reduce information asymmetry.
B. requiring the more informed party to reveal the missing information.
C. government regulation to screen out unhealthy food for consumers.
D. government requiring the restaurants to signal whether food is healthy or not.
B. requiring the more informed party to reveal the missing information.
Economics
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If nominal GDP doubles and the GDP deflator doubles, then real GDP
a. remains constant. b. doubles. c. triples. d. quadruples.
Economics
A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.
Economics