An economic variable that measures something at a particular point in time is called a _____
a. stock variable
b. periodic variable
c. dummy variable
d. flow variable
e. constant variable
a
You might also like to view...
Use the following graph to answer the next question.
Assume that the economy initially has a price level of P1 and output level Q1. If the government implements expansionary fiscal policy, it would bring the economy to
A. P2 and Q4. B. P2 and Q2. C. P1 and Q1. D. P1 and Q3.
The U.S. debt to GDP ratio in 2014 was
A) less than 20 percent. B) 42.4 percent. C) 74.1 percent. D) greater than 85 percent.
If a country places tariffs on imported goods, then
a. its currency appreciates which reduces exports. b. its currency appreciates which increases exports. c. its currency depreciates which reduces exports. d. its currency depreciates which increases exports.
The relationship between the aggregate demand curve and the aggregate expenditures model is derived from the fact that:
A. A decrease in the price level shifts the aggregate expenditures schedule downward and decreases equilibrium GDP B. A decrease in the price level shifts the aggregate expenditures schedule upward and increases equilibrium GDP C. An increase in the price level shifts the aggregate expenditures schedule upward and increases equilibrium GDP D. An increase in the price level shifts the aggregate expenditures schedule downward and increases equilibrium GDP