If the GDP deflator is less than 100 in 2013, then nominal GDP ________ real GDP in 2013
A) is less than
B) is greater than
C) is equal to
D) may be greater than or less than
A
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Using the compensating differential approach, the value of a life is calculated as
A) the compensating differential multiplied by the increased chance of death. B) the sum of the compensating differential and the increased chance of death. C) the compensating differential divided by the increased chance of death. D) the difference between the compensating differential and the increased chance of death.
Which of the following best describes the eclectic aggregate supply curve?
A. Horizontal until full employment is reached, and then it becomes vertical. B. Vertical at all output levels. C. First horizontal, then upward sloping, and finally vertical. D. Downward sloping.
Presidents _____________ and _____________ will go down in history as the two greatest tax cutters.
What will be an ideal response?
Refer to the information provided in Figure 1.4 below to answer the question(s) that follow.
Figure 1.4Refer to Figure 1.4. Which of the Panels shows a curve or line that has a slope that is first positive and then negative?
A. A B. B C. C D. D