From 1970 to 2000, relative to other sectors of GDP, net exports were
A. negative and large.
B. negative and small.
C. positive and large.
D. positive and small.
B. negative and small.
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"A rise in the money supply raised output in the short run, but left output unaffected in the long run." This statement implies that the price level __________ in the long run, causing the interest rate to __________
A) rose; rise B) rose; fall C) fell; rise D) fell; fall
A disagreement point is
A) an item of contention between the two bargaining players. B) a way of keeping score in a negotiation. C) the point in a negotiation where the players cannot reach an agreement. D) the outcome that occurs if there is no agreement in a bargain.
Government managed to stay solvent while incurring prolonged and sizable deficits year after year by borrowing
Indicate whether the statement is true or false
Over? time, prices may change relative to each other. To take this change into? account, the Bureau of Economic Analysis calculates
A.real GDP using the prices in the current year. B.real GDP using chain weights. C.real GDP and nominal GDP using only base-year prices. D.nominal GDP using chain weights