Real GDP evaluates current production using prices that are fixed at past levels and therefore shows how the economy's overall production of goods and services changes over time
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
A bond is a financial security that represents
A) the portion of profits paid to shareholders. B) ownership in a corporation. C) the interest rate paid on a share of stock. D) a promise to repay a fixed amount of funds.
The money multiplier is approximated as being equal to:
A. one divided by the reserve ratio. B. one divided by the federal funds. C. demand deposits multiplied by the interest rate. D. demand deposits multiplied by the reserve ratio.
Labor-saving technological advances decrease the marginal productivity of labor
a. True b. False Indicate whether the statement is true or false
Keri decided to sleep in today rather than attend her 9 a.m. economics class. According to economic analysis, her choice was
What will be an ideal response?