Deflation generally occurs when which of the following occurs?
A) the consumer price index is greater than the GDP deflator
B) the consumer price index decreases
C) the rate of inflation falls, for example, from 4% to 2%
D) nominal GDP does not change
Correct Answer:
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Q1: For this question,assume that 1980 is the
Q2: Which of the following does not represent
Q4: Which of the following about capital income
Q5: GDP in current dollars is equivalent to
Q6: Which of the following represents real GDP?
A)GDP
Q7: Fill in the blank for the following:
Q8: A firm's value added equals
A)its revenue minus
Q9: According to convention,a recession is referred to
Q10: Measures of aggregate output have been published
Q11: Based on the notation presented in Chapter
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