An increase in government spending might be an example of a ________ policy for the purpose of ________
A) monetary; lowering unemployment
B) monetary; reducing inflation
C) monetary; increasing saving
D) fiscal; reducing inflation
E) fiscal; lowering unemployment
E
Economics
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Define gross domestic product
Economics
Peg's Manicure Manor did 4,000 sets of nails in 2015 and 4,500 sets of nails in 2016. The price of a set of nails was $20 in 2015 and $22 in 2016. If 2015 is the base year, Peg's contribution to nominal GDP in 2015 was ________ and to real GDP in 2015 was ________.
A. $80,000; $80,000 B. $80,000; $88,000 C. $88,000; $90,000 D. $80,000; $99,000
Economics