In years with inflation, nominal GDP increases ________ real GDP
A) faster than
B) slower than
C) at the same rate as
D) sometimes faster, sometimes slower, and sometimes at the same rate as
A
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Moving upward along the short-run aggregate supply curve results in a ________ in the price level and ________ in real GDP
A) rise; an increase B) rise; a decrease C) fall; an increase D) fall; a decrease
Suppose the daily demand for Coke and Pepsi in a small city are given by QC = 90 - 100PC + 400(PP - PC) and QP = 90 - 100PP + 400(PC - PP), where QC and QP are the number of cans Coke and Pepsi sell, respectively, in thousands per day. PC and PP are the prices of a can of Coke and Pepsi, respectively, measured in dollars. The marginal cost is $0.45 per can for both Coke and Pepsi. What is the Nash equilibrium price for Pepsi?
A. $0.016 B. $0.45 C. $0.53 D. $0.38
What are the information costs faced by savers?
What will be an ideal response?
Producers and consumers drive the economy of a
a. Communist economic system b. market economic system c. command economic system d. traditional economic system