Explain how a better-educated population will also tend to be healthier, and vice versa, that a healthier population will tend to be better educated
What will be an ideal response?
Education and health care complementary.
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Which of the following macroeconomic variables is procyclical and leads the business cycle?
A) Business fixed investment B) Residential investment C) Nominal interest rates D) Unemployment
Ceteris paribus means
A) one variable too many. B) the correct relationship specified. C) assuming economic motives. D) all other things held constant or nothing else changes.
Floating exchange rates are rates determined in free markets by the law of supply and demand.
Answer the following statement true (T) or false (F)
Assume that the nominal GDP for a given year is equal to $12,400 billion and the GDP deflator equals 112. Real GDP for that year is approximately
A. $12,228.1 billion. B. $12,512.0 billion. C. $13,888.0 billion. D. $11,071.4 billion.