Multiple Choice
GDP is used in the __________ to __________.
A) long run;alert us to recessions
B) short run;alert us to recessions
C) long run;gauge the success of monetary policy
D) short run;measure changes in the standard of living
E) short run;check for inflation
Correct Answer:

Verified
Correct Answer:
Verified
Q69: This year,Shirts Inc.purchased $1,000 worth of silk
Q70: Cyclical unemployment<br>A) is short-term joblessness experienced by
Q71: Frictional unemployment is joblessness<br>A) related to changes
Q72: In the factor payments approach,owners of land
Q73: Transfer payments are<br>A) payments for goods or
Q75: Assume that the telephone company built a
Q76: Which of the following would be classified
Q77: If GDP is $1,000,consumption is $750,interest payments
Q78: What fraction of the labor force is
Q79: Which of the following is the best