The slope of the aggregate demand curve illustrates that real GDP demanded will increase when
a. the price level rises.
b. the price level falls.
c. real income rises.
d. real income falls.
b
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A global network that provides knowledge and resources to developing countries is called the:
A. World Bank. B. International Resource Fund. C. United Nations Development Program. D. World Trade Organization.
When measuring economic growth, economists typically focus on per capita real GDP in order to account for variations in the:
a. size of the population b. price level c. quality of goods and services d. both (a) and (b) above
The European Union is an example of ________ integration.
A) regional B) relative C) global D) bilateral
Which of the following would not be hurt by unanticipated inflation?
A. Those living on fixed nominal incomes B. Those who find inflation rising more rapidly than their nominal incomes C. Those who have money savings D. Those who became debtors when inflation was lower