Creating money is the same as creating wealth
a. True
b. False
B
Economics
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Which is most likely to cause a temporary spurt in the growth of GDP that cannot be maintained in the long run?
a. An unanticipated increase in aggregate demand. b. An anticipated increase in aggregate demand. c. An increase in long run aggregate supply (LRAS). d. An increase in wage rates
Economics
A price index is ________.
A. the cost of a market basket of goods and services in a base period divided by the cost of the same market basket in another period B. a comparison of the current price of a market basket to a fixed point of reference C. a comparison of real GDP in one period relative to another D. a ratio of real GDP to nominal GDP
Economics