Nominal GDP is another term for
A) real GDP. B) inflation-adjusted GDP.
C) constant-dollar GDP. D) current-dollar GDP.
D
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Interest payments on the national debt are not a problem because we owe all of it to ourselves
Indicate whether the statement is true or false
When the required reserve ratio is 20 percent, the money multiplier is:
a. 0.2. b. 1.2. c. 2. d. 2.5. e. 5.
For the world as a whole, economic freedom increased since 1994 as the countries opened up in the world market and the governments slashed tax rates
a. True b. False Indicate whether the statement is true or false
A perfectly competitive firm, Paula's Pineapple Farm, is incurring a loss. In the short run it should continue to produce if ________, but in the long run, if there is no change in economic conditions, it should exit the industry.
A. price is above minimum ATC B. price is equal to minimum ATC C. price is above minimum AVC D. price is below minimum AVC