The New Economy is one of
a. durable goods.
b. services.
c. information.
d. manufacturing.
c. information.
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In the figure above, assume that output is $10.5 trillion, while potential output is $12 trillion. If there is no policy intervention, we should expect ________
A) rightward shifts of IS & AD, so that both output and inflation rise B) a decrease in inflation to shift the MP curve, raising the real interest rate C) declines in both the inflation rate and the real interest rate as output rises D) a decrease in inflation to shift the AD curve, causing output to rise E) none of the above
Gross domestic product (GDP) is defined as:
a. the market value of all final goods and services produced within the borders of a nation. b. incomes received by all of a nation's households. c. the quantity of each good and service produced by U.S. residents. d. none of these.
An investor in an index fund earning 12.3% per year would see an investment of $10,000 increase to approximately ____ in 25 years
a. $11,000 b. $48,000 c. $54,000 d. $170,000
A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.