Real GDP refers to GDP adjusted:
A) for changes in ruling political party. B) for changes in tax rates.
C) for changes in net imports. D) for changes in prices.
D
You might also like to view...
For a normal good, a decrease in demand is caused by
A) a rise in income. B) a fall in income. C) a rise in price. D) a fall in price.
The ________ interest rate is adjusted for expected changes in the price level
A) ex ante real B) ex post real C) ex post nominal D) ex ante nominal
A monopolistic competitor, like a(n) ____________, faces a downward-sloping demand curve.
a. monopolist b. perfect competitor c. oligarch d. new entrant
A significant increase in the price of basketballs will most likely lead to
A. an inward shift in the demand for basketball shoes. B. an increase in the demand for basketball shoes. C. an inward shift in the demand for basketballs. D. a movement along the demand curve for basketball shoes.