A fixed or rigid price level implies
A) that income is fixed.
B) real GDP is greater than nominal GDP.
C) nominal GDP is less than real GDP.
D) real GDP equals nominal GDP.
D
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Refer to the scenario above. Thomas's arc elasticity of demand for wine is:
A) -0.33. B) -0.67. C) -0.25. D) -1.
What is the relationship between wants, factors of production, scarcity, and choices? Discuss the relationship for an individual and for a society
What will be an ideal response?
A U.S. automobile dealer has ordered a fleet of Japanese cars worth 10 million yen. The terms of payment is C.O.D. (cash on delivery). At the time the order was placed, the exchange rate was 100 yen per U.S. dollar
When the fleet arrived the exchange rate had become 200 yen per U.S. dollar. A) This change in the foreign exchange rate will hurt the U.S. importer. B) This change in the foreign exchange rate will hurt the Japanese exporter. C) This change in the foreign exchange rate will benefit the U.S. importer. D) This change in the foreign exchange rate will benefit the Japanese exporter.
A financial institution's leverage ratio is defined as:
a. Profit / Revenue. b. Total Assets / Shareholders' Equity. c. Shareholders' Equity / Total Assets. d. Value of Delinquent Loans / Value of All Loans. e. Total Debt / Total Revenue.