With what measure does cyclical unemployment tend to move?
A. GDP deflator
B. Nominal GDP
C. Inflation
D. Per capita GDP growth rate
Answer: D
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Peg's Manicure Manor did 4,000 sets of nails in 2015 and 4,500 sets of nails in 2016. The price of a set of nails was $20 in 2015 and $22 in 2016. If 2015 is the base year, Peg's contribution to nominal GDP in 2015 was ________ and in 2016 was ________.
A. $80,000; $99,000 B. $88,000; $90,000 C. $80,000; $90,000 D. $80,000; $88,000
A financial asset is considered a security if
A) the owner of the security receives dividends and realizes a capital gain when the asset is sold. B) its value increases after it is sold in a primary market. C) it can be sold in a secondary market. D) its value is secure; that is, the owner will not suffer a financial loss when the asset is sold.
Which of the following will cause the demand curve for product A to shift to the left?
A. A decrease in the price of complementary product C B. An increase in money income if A is an inferior good C. An increase in money income if A is a normal good D. Population growth that causes an expansion in the number of persons consuming A
How will a change in productivity increase or decrease aggregate supply?
What will be an ideal response?