If you computed nominal GDP every year over a decade, which is fixed or held constant over these years?
A. prices
B. quantities
C. neither prices nor quantities
Ans: C. neither prices nor quantities
You might also like to view...
Options on futures contracts are referred to as
A) stock options. B) futures options. C) American options. D) individual options.
The price of a commodity in terms of another commodity is
A) the law of demand. B) a substitute. C) the money price. D) the relative price.
The three functions of money are:
A. serving as a medium of exchange, unit of account, and store of value. B. implementing monetary policy, fiscal policy, and structural policy. C. spending for consumption, investment, and government purchases. D. measuring balance of payments, exchange rates, and interest rates.
(Consider This) Which of the following is an example of economic investment?
A. Volvo buys an old factory building from General Motors. B. Nike buys a new machine that increases shoe production. C. Bill Gates buys shares of stock in IBM. D. Warren Buffet buys U.S. savings bonds.