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Author Question: The base year is 2012. A country only produces Blu-ray players. The price of a Blu-ray player in ... (Read 70 times)

cmoore54

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The base year is 2012. A country only produces Blu-ray players. The price of a Blu-ray player in 2012 was 100. The price of a Blu-ray player was 90 in 2013.
 
  The quantity of Blu-ray players produced in 2012 was 10,000 units and in 2013 was 10,500 units. Real GDP in 2012 equals
  A) 945,000.
  B) 1,000,000.
  C) 900,000.
  D) 1,050,000.
  E) an amount that cannot be determined without information about real GDP in 2007 .

Question 2

The costs of inflation that arise from trying to reduce cash holdings are known as
 
  A) diminishing costs. B) menu costs. C) chain-index costs. D) shoe leather costs.


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ilianabrrr

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cmoore54

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Reply 2 on: Jun 30, 2018
Gracias!


yeungji

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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