Refer to the data. Nominal GDP in year 3 is:
Use the following table for a hypothetical single-product economy.
A. $100.
B. $450.
C. $225.
D. $150.
B. $450.
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What is liquidity? Why is money the most liquid of all assets? What is the cost of this liquidity?
What will be an ideal response?
Increases in the marginal propensity to consume (MPC), other things constant, _____
a. increase the value of the multiplier b. decrease the value of the multiplier c. increase the marginal propensity to save d. shift the aggregate expenditure curve downward e. cause a downward movement along the aggregate expenditure curve
An increase in real interest rates will increase aggregate demand.
Answer the following statement true (T) or false (F)
What is the argument for income inequality?
What will be an ideal response?