Multiple Choice
Economic variables are most often expressed in
A) nominal terms, and that's what's important.
B) nominal terms, but real variables are what's important.
C) real terms, and that's what's important.
D) real terms, but nominal variables are what's important.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: Historically,as recessions have ended the unemployment rate
Q15: During recessions<br>A)sales and profits fall.<br>B)sales and profits
Q23: Which of the following is correct?<br>A)Economic fluctuations
Q40: Other things the same,if prices fell when
Q41: Other things the same,an increase in the
Q70: As the price level falls<br>A)people will want
Q87: Other things the same,a decrease in the
Q116: Suppose that there is an increase in
Q127: What variables besides real GDP tend to
Q302: In 2001, the United States was in