Suppose the price level is unchanged and real GDP decreases. Then
A) nominal GDP must decrease.
B) nominal GDP must remain unchanged.
C) nominal GDP must increase.
D) none of the above are true.
A
Economics
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The payoffs resulting from new investment
A) occur in the present and are known with certainty. B) occur in the future but are not known with certainty. C) depend only on current profits. D) occur in the future and are known with certainty.
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________ occurs when individuals conform to the decisions of others
A) Herding B) Anchoring C) Signaling D) Sniping
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Refer to Table 2-5. Finland has a comparative advantage in the production of
A) lumber. B) neither product. C) cell phones. D) both products.
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What is the difference between economic profit and accounting profit?
What will be an ideal response?
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