The term "business fluctuations" refers to:
What will be an ideal response?
movement in real GDP around its long-term trend
Economics
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What is meant by producer surplus? How is producer surplus in a competitive market calculated?
What will be an ideal response?
Economics
If a country's income level is high:
A. it must have a high level of growth. B. it usually has a high level of GDP per capita. C. it must be well-endowed with natural resources. D. All of these are true.
Economics
The key interest rate in the Eurocurrency market is the
A) London interbank offer rate. B) Eurobank spread rate. C) Prime rate. D) C.D. rate.
Economics
When the policy rate hits its lower bound and inflation keeps falling, this portion of the Monetary Policy curve is
A) downward sloping. B) upward sloping. C) flat. D) undetermined.
Economics