Measuring total aggregate production in current dollars uses which of the following measures?
A. real personal income
B. nominal net domestic product
C. real gross domestic product
D. nominal gross domestic product
Answer: D
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The level of income is unchanged in response to anticipated anti-inflation policy in ________
A) real business cycle theory B) traditional Keynesian theory C) new Keynesian theory D) post classical theory
The central idea behind the Troubled Asset Relief Program was for the Treasury to sell mortgage-backed securities to interested investors, wait for prices to increase, and then buy these securities back for a profit
a. True b. False Indicate whether the statement is true or false
What happens to quantity supplied when the price is raised?
A. It rises B. It falls C. It stays the same D. It cannot be determined if it rises, falls, or stays the same
Which of the following is true of a system of fixed exchange rates adopted by many countries?
A. The goals and policies can differ substantially across the countries. B. The relative stability can promote higher levels of international trade. C. For each of these countries, monetary policy can be a powerful policy tool in managing aggregate demand. D. The countries will have large differences in their inflation rates.