Tariffs contribute to higher prices of textile products imported into the United States, but import quotas on textiles brought into the United States do not

The federal funds rate is a:

A) short-term nominal interest rate. B) short-term real interest rate. C) long-term real interest rate. D) long-term nominal interest rate.

The output of cell phones can be added to the output of refrigerators in order to compute GDP by:

A.) Multiplying the output of each by the corresponding prices and adding these dollar values. B.) Dividing the output of each by price and adding these dollar values. C.) Adding up the physical number of cell phones and refrigerators produced. D.) Dividing dollar values of output for each by price and adding the results.