The inflation-adjusted value of final goods and services produced in the United States measures:

A. Nominal GDP.
B. Real GDP.
C. Per capita GDP.
D. GDP per worker.


Answer: B. Real GDP.

Economics

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a. P b. T c. N d. E

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An important source of structural unemployment is

A. people looking for the right job decide to change jobs. B. recessions. C. seasonal variations in aggregate demand. D. unemployment insurance benefits.

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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 

A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C

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Other things the same, an increase in the nominal exchange rate raises the real exchange rate

a. True b. False Indicate whether the statement is true or false

Economics