A) the way that luxury goods are priced in a market economy.
B) the tendency for the inflation rate to rise by greater and greater amounts.
C) the tendency for nominal GDP to rise when the price level rises.
D) the process of translating nominal GDP into real GDP.
E) the process of pricing individual characteristics of a good or service.
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A) Yt
B) PtYt
C) Yt / Pt
D) $Yt / Pt
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A) .2.
B) .3.
C) .4.
D) .6.
E) .8.
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First,not all prices and wages adjust au...View Answer
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It shows the negative relation...View Answer
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A) does not have a job.
B) does not have a job,or else has a job but is looking for a different one while continuing to work.
C) does not have a job,has recently looked for work,and is collecting unemployment insurance.
D) does not have a job,and is collecting unemployment insurance.
E) none of the above
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A) real GDP to rise.
B) nominal GDP to fall.
C) wages to rise as fast as prices.
D) real GDP to exceed nominal GDP.
E) none of the above
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E
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GDP can be measured three ways.First,GDP...View Answer
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Inflation will cause relative ...View Answer
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A) the state of the economy.
B) the welfare of those who are unemployed.
C) none of the above
D) both A and B
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A) Yt
B) PtYt
C) Yt / Pt
D) $Yt / Pt
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First,they care about unemployment becau...View Answer
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A) real output has increased.
B) the price level (GDP deflator) has increased.
C) real output and the price level (GDP deflator) have both increased.
D) either real output or the price level (GDP deflator) have increased.
E) real output has increased and the price level has decreased.
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It would be very hard to achie...View Answer
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A) inflation and unemployment rate.
B) output growth and unemployment.
C) inflation and output growth.
D) output growth and money supply.
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A) GDP in constant dollars
B) GDP in terms of goods
C) GDP in base year dollars
D) all of above
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A
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A) interest income.
B) labor income.
C) indirect taxes.
D) profits.
E) capital income.
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A) at least two consecutive quarters of negative growth
B) at least three consecutive quarters of negative growth
C) at least four quarters of negative growth
D) at least two consecutive months of negative growth
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The relatively high unemployment rate in Spain is partly the result of a relatively large underground economy.The underground economy is that part of the economy not measured in official statistics.After taking into account those individuals who are "employed" in the underground economy,the unemployment rate in Spain would have been lower (but still relatively high).
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When unemployment becomes very...View Answer
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