If real GDP doubles and the GDP deflator doubles, then nominal GDP
a. remains constant.
b. doubles.
c. triples.
d. quadruples.
d
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In moving along a demand curve for good X, which of the following is NOT held constant?
A) the prices of substitute goods for good X B) the prices of complementary goods for good X C) incomes of consumers of good X D) the price of good X
If the country represented in this graph now can produce a maximum of 12 units of guns if it shifts all resources to gun production and could produce a maximum of 9 units of butter if it used all its resources for butter production then it would have experienced __________________.
Average variable cost is equal to
A. average cost plus average fixed cost. B. marginal cost plus average fixed cost. C. marginal cost. D. average total cost minus average fixed cost.
"Corporate governance" refers to aspects of the corporation like:
A. decentralization of decision rights to union workers. B. the corporate tax rate. C. compensation given to the top management. D. government regulation of corporate health and safety.