Small-denomination time deposits are part of M2, but not part of M1
Indicate whether the statement is true or false
True
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The GDP deflator is calculated as (Real GDP / Nominal GDP) × 100
a. True b. False Indicate whether the statement is true or false
Use the Application about the price of vanity license plates in Virginia to answer the following question(s).Recall the Application. Which of the following is a reason for the state of Virginia to increase its revenue while the price for vanity plates increases?
A. The demand for vanity plates in Virginia is inelastic. B. The demand for vanity plates in Virginia is elastic. C. The demand for vanity plates in Virginia is equal to 1. D. There is insufficient information to draw a conclusion.
The big jump in the unemployment rate that occurred in 2009 can best be explained as an increase in
A. structural unemployment. B. frictional unemployment. C. cyclical unemployment. D. natural unemployment.
GDP is a measure of the total output of an economy.
Answer the following statement true (T) or false (F)