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Author Question: If the underground economy is sizable, then GDP will: a. understate the economy's performance. b. ... (Read 57 times)

chandani

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  • Posts: 541
on: Jun 30, 2018
If the underground economy is sizable, then GDP will:
 a. understate the economy's performance.
  b. overstate the economy's performance.
  c. fluctuate unpredictably.
  d. accurately reflect this subterranean activity.

Question 2

The real balances effect occurs because a higher price level will reduce the real value of people's:
 a. financial assets.
  b. wages.
  c. unpaid debt.
  d. physical investments.


Jevvish

  • Sr. Member
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  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


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