When a price shock occurs, the inflation rate is affected ________
A) only in the period of the price shock
B) only in the period after the price shock
C) only if the price shock causes a change in output
D) only if the price shock persists for more than one period
E) none of the above
E
Economics
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In the United States, for a $1 fall in state government revenue, the federal government increases transfers by:
A) $2. B) $1. C) 30 cents. D) 15 cents.
Economics
If nominal GDP rises from $5 billion to $6 billion, when the GDP deflator goes from 100 to 110, real GDP a. rises
b. falls. c. stays the same. d. could either be rising or falling.
Economics