During a(n) ________ the demand for money decreases because ________
A) recession; the price level rises
B) recession; real GDP decreases
C) equilibrium; real GDP decreases
D) recession; nominal GDP increases
E) expansion; real GDP decreases
B
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When calculating GDP, the Bureau of Economic Analysis releases its "advanced estimate" of a quarter's GDP approximately
A) three months before the quarter has ended. B) one year after the quarter has ended. C) three months after the quarter has ended. D) one month after the quarter has ended.
Refer to Table 2.3. Nominal GDP in 2010 is
A) $540.00. B) $568.00. C) $671.00. D) $812.00.
Which of the following is NOT a reason people save?
A. To reach consumption bundles in the future that would otherwise be unattainable B. To protect against unforeseen expenses C. To maximize their current consumption D. To earn additional money on unused income
Suppose a country's net capital outflow does not change, but its investment rises by $250 billion
a. Its saving must have risen by $250 billion so its net exports have risen. b. Its saving must have risen by $250 billion, but its net exports are unchanged. c. Its saving must have fallen by $250 billion, so its net exports have fallen. d. Its saving must have fallen by $250 billion, but its net exports are unchanged.