The inflation rate = ________
A) nominal GDP - real GDP
B) growth rate in real GDP - growth rate in nominal GDP
C) growth rate in real GDP + growth rate in nominal GDP
D) nominal GDP รท real GDP
E) none of the above
E
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Neither the supply of nor demand for a good is perfectly elastic or perfectly inelastic. So, imposing a tax on the good results in a ________ in the price paid by buyers and ________ in the equilibrium quantity
A) rise; an increase B) rise; a decrease C) fall; an increase D) fall; a decrease E) rise; no change
What is signaling?
What will be an ideal response?
In the HPAE, inflation is kept under control and budget deficits and foreign debt levels are kept within the ability of the governments and the economies to handle them, which is quite different from the past experience of the Latin American region
Indicate whether the statement is true or false
Which of the following is an example of a fungible commodity?
A. Picasso paintings B. Houses C. Live concerts D. None of these is a fungible commodity.