Let nominal GDP change from $10,000 billion to $11,000 billion over the course of one year. If prices have increased uniformly by 5 percent over the same year, real GDP
A) has remained unchanged.
B) has increased by 5 percent.
C) has increased by 15 percent.
D) has increased by 10 percent.
E) has decreased by 10 percent.
Correct Answer:
Verified
Q2: The rate of inflation in the United
Q3: Since 1966 in the United States, there
Q4: Interest rates in the United States have
A)
Q5: Roughly defined, the unemployment rate is
A) the
Q6: Potential GDP is a measure of
A) all
Q7: Which of the following is not discussed
Q8: With the presence of a short-run trade-off
Q9: The term rational expectations is most accurately
Q10: The recession experienced in the United States
Q11: The real money supply
A) tends to grow
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