Inflation can cause changes in retail prices.
Select whether the statement is true or false.
A. True
B. False
A. True
This statement is true. Inflation can cause changes in retail prices.
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Describe the pattern of growth rates in real GDP per hour worked in the United States since the early nineteenth century. Has output per hour worked consistently increased at the same rate? Explain
What will be an ideal response?
Virtually all of the decline in labor force participation by elderly males is due to increased physical requirements of labor plus diminished health status
Indicate whether the statement is true or false
Elsa is annoyed that it costs her 25 cents to park her car at the city park, which is free to enter. Her friend says _______________, which demonstrates how the government provides public goods.
a. “The city council is lining their own pockets with those quarters.” b. “Those parking fees help keep the park maintained and open for everybody.” c. “The park is free because it doesn’t need any maintenance, but the parking spaces do.” d. “So don’t pay it. What difference does it make?”
What type of transaction does GDP not include?