Which of the following statements is true?
A) Over time, the general trend for most economies is one of constant real GDP.
B) Over time, the general trend for most economies is one of rising real GDP.
C) Over time, the general trend for most economies is one of falling real GDP and rising price level.
D) Over time, the general trend for most economies is one of rising real GDP and constant price level.
Correct Answer:
Verified
Q28: Which of the following statements is true?
A)
Q29: Deflation is defined as:
A) a decrease in
Q29: Which of the following is not a
Q31: What is a hyperinflation?
A)It is an inflation
Q33: Which of the following is a consequence
Q35: To identify the onset of a recession,
Q36: If deflation occurs and your income is
Q37: The sequence of a business cycle phases
Q38: A number whose movement reflects movement in
Q39: Which of the following statements is true?
I.Inflation
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