Multiple Choice
Use the following to answer questions :
Figure: Circular-Flow Model 
-(Figure: Circular-Flow Model) Look at the figure Circular-Flow Model. If the circular-flow model is in equilibrium (the sum of money flowing into each box is equal to the sum of the money flowing out of it) and there is a decrease in exports, which of the following is likely to happen?
A) a decrease in the nominal GDP
B) an increase in the real GDP
C) a decrease in the unemployment rate
D) an increase in the inflation rate
Correct Answer:
Verified
Correct Answer:
Verified
Q55: Nominal GDP is:<br>A) inflation-adjusted GDP.<br>B) real GDP
Q146: Use the following to answer questions :<br>Table:
Q147: If the consumer price index is 180
Q148: The aggregate price level is a measure
Q149: GDP in the United States was $5,803
Q150: If nominal GDP decreases from one year
Q153: If the cost of the market basket
Q154: Use the following to answer questions :<br>Table:
Q155: Use the following to answer questions :<br>Table:
Q156: Suppose that the market basket for the