When converting nominal values to real values, we divide by the __________ index.
a. base
b. employment
c. cost
d. price
d. price
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A headline reads "Soccer is the new popular sport among youth." In a competitive market, this situation would lead to a(n):
a. Increase in the price of soccer shoes and decrease in quantity sold b. Decrease in the price of soccer shoes and increase in quantity sold c. Increase in the price of soccer shoes and quantity sold d. Decrease in the price of soccer shoes and quantity sold
Given the strict quantity theory of money, if the quantity of money doubled, prices would:
A. fall by half. B. double. C. remain constant. D. increase somewhat but less than double.
The quantity of money demanded increases at every combination of GDP and interest rate. If the Fed holds to an unchanged interest rate target, the interest rate __________ and GDP __________
A) rises; falls B) rises; remains unchanged C) remains unchanged; remains unchanged D) remains unchanged; falls
Nominal GDP divided by the GDP deflator and multiplied by 100 is
a. demand-pull GDP b. deflated GDP c. price-deflated GDP d. nominal-adjusted GDP e. real GDP