Multiple Choice
What is real income?
A) It is nominal income times the price level.
B) It is nominal income divided by the price level.
C) It is the change in nominal income divided by the price level.
D) It is the change in nominal income divided by the change in the price level.
E) It is the change in nominal income minus the change in the price level.
Correct Answer:
Verified
Correct Answer:
Verified
Q80: What is demand-pull inflation caused by?<br>A)Excessive wage
Q81: The higher the rate of inflation,the lower
Q82: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1338/.jpg" alt=" -Refer to the
Q83: What is core CPI?<br>A)CPI which includes all
Q84: Define the concepts of discouraged workers,and explain
Q86: Explain the output costs of inflation.
Q87: What is the labour force status of
Q88: What would be the effect of 100,000
Q89: Suppose there are 2 million unemployed workers
Q90: Why might the official unemployment rate be