Which of the following is most commonly used to monitor short run changes in economic activity?
A)The inflation rate.
B)Real GDP.
C)Aggregate demand.
D)Aggregate supply.

Question

Quizplus · Accepted Answer

Real GDP is the most commonly used measure to monitor short run changes in economic activity. It gives a snapshot of the total economic output of a country and is frequently reported by governments and media outlets to gauge the health of the economy. The inflation rate, aggregate demand, and aggregate supply are also important economic indicators, but they are not as commonly used to monitor short run changes in activity as real GDP.

Which of the Following Is Most Commonly Used to Monitor