Author Question: Fill in the blank: ________ is another term for a decline in real GDP is A) Deflation. B) ... (Read 71 times)

james0929 · **on:** Jun 29, 2018

Fill in the blank: ________ is another term for a decline in real GDP is

A) Deflation.
B) Inflation
C) Economic growth
D) Recession
E) Unemployment

Question 2

Which aggregate measure is used to determine whether or not a country is experiencing a recession?

A) Nominal GDP
B) Nominal interest rate
C) Real GDP
D) Real interest rate
E) Gross business inventory investment