The broadest measure to adjust Nominal GDP for price changes is ________.
A. exchange rates
B. the Consumer Price Index (CPI)
C. the Producer Price Index (PPI)
D. the GDP price index
Answer: D
Economics
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Checkable deposit account balances are
A) only a small component of the money supply. B) counted in the calculation of the money supply. C) part of M2 but not part of M1. D) considered credit, but not money.
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Refer to Figure 18.4. With an import ban, how many gloves are produced domestically in Duckland?
A) 100 B) 80 C) 60 D) 0
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