If the price index is rising over a period of time, then the real GDP in years:
A. Prior to the base year will be larger than the nominal GDP
B. Prior to the base year will be less than the nominal GDP
C. After the base year will be higher than the nominal GDP
D. After the base year will be rising faster than the nominal GDP
A. Prior to the base year will be larger than the nominal GDP
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What is convergence hypothesis? Why should we expect convergence in the long run?
A "bill of rights" for union members and a provision of union election procedures were two of the main provisions of the _____ Act.
A. National Labor Relations B. Taft-Hartley C. Landrum-Griffin D. Sherman Antitrust
The CPI in 1931 equaled 0.15. The CPI in 1932 equaled 0.14. The rate of inflation between 1931 and 1932 was ________ percent.
A. 6.7 B. -6.7 C. -7.1 D. 1.4
Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary