One measurement of economic prosperity is
A. the gross domestic product.
B. interest rates.
C. the happiness index.
D. the gross domestic policy.
Answer: A
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An increase in nominal GDP will
A. decrease the transactions demand and the total demand for money. B. decrease the transactions demand for money but increase the total demand for money. C. increase the transactions demand and the total demand for money. D. increase the transactions demand for money but decrease the total demand for money.
When the supply (curve) of a product increases,
A) suppliers change their plans. B) demanders change their plans. C) the price changes. D) all of the above occur. E) none of the above occur.
The pattern of protection in industrial countries is particularly harmful to the interests of
A) low-income developing countries. B) high-income industrial countries. C) Asian nations. D) European nations. E) None of the above.
The producer of compliments may want to advertise them together
Indicate whether the statement is true or false