A nominal quantity is measured:
A. in terms of current dollar value.
B. in physical terms.
C. using the consumer price index.
D. by indexing.
Answer: A
You might also like to view...
Rank the following goods from least to most elastic: school, prep school, Purebred Prep School
A) School, prep school, Purebred Prep School B) Prep School, school, Purebred Prep School C) Prep School, Purebred Prep School, School D) Purebred Prep School, Prep School, School E) None of the above.
Which view of the causes of the Great Depression emphasizes that there is little evidence that the economy was suffering from any real shortage of money; the problems, instead, stemmed from a fall of private consumption and investment spending?
(a) The Monetarists' (b) The Keynesians' (c) The Austrians' (d) The International View
What brought about the end of the Bretton Woods Agreement?
What will be an ideal response?
On a graph showing the aggregate demand and aggregate supply curves, stagflation can be represented by a:
a. leftward shift of the aggregate supply curve b. rightward shift of the aggregate supply curve. c. upward movement along the aggregate supply curve. d. rightward shift of the aggregate demand curve. e. upward movement along the aggregate demand curve.