The economic growth rate is measured as the
A) amount of real GDP.
B) annual percentage change of the population.
C) amount of population.
D) annual percentage change of real GDP.
E) annual percentage change of employment.
Question 2
The ________ the nominal interest rate, the ________ is the quantity of money demanded.
A) lower; greater
B) higher; greater
C) more variable; smaller
D) lower; smaller
E) None of the above because the nominal interest rate does not influence the quantity of money demanded.