If the GDP deflator next year is greater than the GDP deflator this year, then the price level has fallen.
Answer the following statement true (T) or false (F)
False
Economics
You might also like to view...
Describe the relationship between the marginal and average products of labor as the employment of labor increases in the short run
What will be an ideal response?
Economics
The magnitude of the slope of an indifference curve is:
A) called the marginal rate of substitution. B) equal to the ratio of the total utility of the goods. C) always equal to the ratio of the prices of the goods. D) all of the above E) A and C only
Economics
When measuring GDP for a particular year, economists exclude the value of used furniture bought and sold because
What will be an ideal response?
Economics
Explain the difference between intermediate goods and final goods and give an example of each.
What will be an ideal response?
Economics