Multiple Choice
Inflation climbed steadily from 1952 to 1972. A time-series graph with inflation on the vertical axis and time (in years) on the horizontal axis would show
A) the rate of inflation as a horizontal line.
B) that inflation was following a decreasing trend line.
C) that inflation had a positive trend.
D) that inflation had a negative trend.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The circular flow shows that<br>A) aggregate production
Q3: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Using the information
Q4: Nominal GDP is<br>A) real GDP adjusted for
Q5: Which of the following are parts of
Q6: According to the BEA, in the second
Q7: The expenditure approach measures GDP by adding<br>A)
Q8: The circular flow shows that aggregate spending
Q9: What is the relationship between actual and
Q10: Can nominal GDP ever be less than
Q11: In computing GDP, it is essential to<br>A)