A price index is:
A. a comparison of the current price of a market basket to a fixed point of reference.
B. a comparison of real GDP in one period relative to another.
C. the cost of a market basket of goods and services in a base period divided by the cost of
the same market basket in another period.
D. a ratio of real GDP to nominal GDP.
A. a comparison of the current price of a market basket to a fixed point of reference
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If wealth ________, then saving increases, which is shown by a ________
A) decreases; rightward shift of the supply of loanable funds curve B) decreases; movement downward along the supply of loanable funds curve C) increases; rightward shift of the supply of loanable funds curve D) increases; leftward shift of the supply of loanable funds curve E) increases; movement upward along the supply of loanable funds curve
Between which pair of countries or continents listed below has real GDP per person converged the most since 1960?
A) Canada and Japan B) United States and Africa C) United States and South America D) Canada and South America
When the government created the Consumer Product Safety Commission they created what type of government regulation?
a. social regulation b. economic regulation c. antitrust policy d. none of the above
As a bank approaches insolvency, it is likely to
A) decrease its lending activities. B) increase its lending activities. C) find that its capital is declining. D) try to increase its liabilities E) a and c