In 1979 and 1980,
a. the U.S. inflation rate as measured by the GDP deflator was higher than that measured by the CPI, and the difference was explained by rapidly rising prices of goods exported by the U.S.
b. the U.S. inflation rate as measured by the CPI was higher than that measured by the GDP deflator, and the difference was explained by rapidly rising prices of goods exported by the U.S.
c. the U.S. inflation rate as measured by the GDP deflator was higher than that measured by the CPI, and the difference was explained by rapidly rising oil prices.
d. the U.S. inflation rate as measured by the CPI was higher than that measured by the GDP deflator, and the difference was explained by rapidly rising oil prices.
d
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Humberto is the chief operational officer (COO) of the SodaSopa Company and currently serves on the board of directors of the Helium Company of America. Humberto is considered ________ of the Helium Company of America
A) a managing director B) an unpaid advisor C) an outside director D) an inside director
Steadily improving improvements in technology, other things being equal, will result in
A. persistent deflation B. a steadily falling price level with no change in output. C. no change in the price level and steadily increasing output. D. steadily rising price level (inflation) and steadily increasing output.
________ arises when one party to a contract changes behavior in response to that contract, passing the cost of that change in behavior to the other party.
A. Adverse selection B. Moral hazard C. Market signaling D. Logrolling
In Figure 3-7 above, if the natural real GDP is $2500, AP = $250, and the change in "a" = change in I = change in NX = 0, then the natural real GDP could be attained with a
A) $250 decrease in T. B) $250 increase in G. C) $1250 increase in G. D) $500 decrease in T.