Nominal GDP can never be equal to real GDP.
Answer the following statement true (T) or false (F)
False
In the absence of inflation or deflation, real and nominal GDP will be equal to one another.
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Ceteris paribus is the same as rise / run
Indicate whether the statement is true or false
Changes in autonomous consumption will affect the slope of the consumption function
a. True b. False Indicate whether the statement is true or false
Assume the peanut industry, a perfectly competitive industry, is in long-run equilibrium with a market price of $5. If demand for peanuts increases and this industry is a decreasing-cost industry, long-run equilibrium will be reestablished at a price
A. equal to $5. B. less than $5. C. greater than $5. D. either greater than or less than $5, depending on the number of firms that enter the industry.
In the money-creation formula, the Fed exerts considerable control over
A) H and e. B) c and e. C) c alone. D) H alone. E) e alone.