If real GDP increases we know for sure that
A) output has risen.
B) prices have risen.
C) prices have risen but output has remained constant.
D) prices have remained constant.
Answer: A
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The filing status of a person who is legally married yet separated as a result of a messy impending divorce is likely to be
A. single. B. married filing jointly. C. single head of household. D. married filing separately.
Which of the following statements is true?
A) Models help economists to explain the past, but do not help in predicting the future. B) The scientific method used by economists is based on idealism and not empiricism. C) Testing with data enables economists to distinguish between good models and bad models. D) Models that economists use are perfect replicas of reality.
What is an indifference curve? Why can indifference curves never cross?
What will be an ideal response?
Restructuring is another word for deregulation
Indicate whether the statement is true or false