If the GDP deflator increases from one year to the next, it can be concluded that the economy has experienced:
a. growth
b. stagnation.
c. stagflation.
d. inflation.
d
You might also like to view...
Define risk-loving behavior
What will be an ideal response?
Which of the following is likely to happen to the demand curve for reserves if the federal funds rate increases?
A) The demand curve for reserves will shift to the right. B) The demand curve for reserves will shift to the left. C) There will be an upward movement along the demand curve for reserves. D) There will be a downward movement along the demand curve for reserves.
The price elasticity of demand is measured as the percentage change in price divided by the percentage change in quantity demanded
Indicate whether the statement is true or false
The difference between the buyer's opportunity cost and the seller's valuation defines the zone of agreement in which the agreement will benefit both parties
Indicate whether the statement is true or false