The single most important observation of the book is the causal significance of aggregate demand policies for the incidence of poverty
Indicate whether the statement is true or false
T
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The horizontal axis of a graph that shows a market demand curve indicates the
A. quantities that consumers are willing and able to buy at various prices. B. different prices at which a product can be purchased. C. number of consumers who are in the market for a product. D. various quantities of a product at which the market will be cleared.
Research has shown that nations with highly independent central banks tend to have low
A) inflation. B) interest rates. C) economic growth. D) unemployment.
If you were a creditor you would prefer
A. deflation. B. disinflation. C. unanticipated inflation. D. anticipated inflation.
YearSalaryCPI1969$20,52036.71979$43,26572.61989$85,529124.01999$135,250166.62009$170,844214.5Your father tells you he earned a salary of $45,000 a year in 1980. This salary figure is the:
A. value of his salary adjusted to 2009 dollars. B. nominal value of his salary in 1980. C. value of his salary adjusted for inflation. D. real value of his salary in 1980.