Suppose an apartment complex is converted to an owner occupied condominium. Suppose that the estimated value of the condominium owners' housing services is now the same as their former rent
A) GDP increases.
B) GDP decreases.
C) GDP is unaffected because neither the rent nor the estimate of the value of housing services is included in GDP.
D) None of the above.
D
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An economy in which output has decreased and prices have increased would suggest that there has been a:
A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.
On the basis of which interest rate are Eurocredits often quoted?
A) United States Prime Rate B) European Central Bank Offer Rate C) London Interbank Offered Rate D) International Monetary Fund Interest Rate
Problems in _____________ are another possible cause of recessions.
A. agricultural markets B. intermediate input markets C. financial markets D. aggregate inputs
When there are part minus time workers nbsp?, the official BLS measure of the unemployment rate _____________ the true degree of unemployment
What will be an ideal response?