Author Question: Inflation is defined as an increase in: a. real wages of workers. b. real GDP. c. the average ... (Read 37 times)

KWilfred · **on:** Jun 30, 2018

Inflation is defined as an increase in:
a. real wages of workers.
b. real GDP.
c. the average price level.
d. all consumer products.

Question 2

Income tax collections:
a. fall during periods of prosperity, thus increase federal budget deficits.
b. rise during periods of prosperity, thus reduce federal budget deficits.
c. fall during recessions, thus increase the problem of unemployment.
d. rise during recessions, thus increase the problem of unemployment.