Suppose both nominal GDP and real GDP increase. It can be concluded that:
A. output rose.
B. both output and the price level rose.
C. both output and the price level rose, but output rose at a faster rate.
D. the price level rose.
Answer: A
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Which of the following is not part of the "regulation of health insurance" provision of the Patient Protection and Affordable Care Act (ACA)?
A) Individuals with pre-existing medical conditions are able to acquire health insurance. B) All policies must provide coverage for dependant children up to age 26. C) Limits on the size of deductibles and on waiting periods before coverage takes effect have been eliminated. D) Lifetime dollar maximums on coverage are prohibited.
The Land Ordinances of 1785 and 1787 included provisions for all of the following except:
a. surveys prior to sale of Western land. b. the number of states that could be created from the Northwest Territory. c. guidelines for the eventual creation of Western states. d. sale of the land in plots of one square mile. e. All of the above were provisions of the ordinances.
With flexible exchange rates, an increase in U.S. interest rates can be expected to ________.
A. lower the foreign exchange value of the dollar B. adversely affect U.S. exporters C. cause a net outflow of foreign capital from the United States D. encourage investment spending by U.S. firms
Suppose you hear an investor say "I just don't have time to research the companies of the stock I buy, so I trust that the market has taken everything into account in setting current prices and just buy a well-diversified portfolio." You would understand that person to believe in
A. prayer. B. guesswork. C. technical investing. D. efficient markets.