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Author Question: The purchasing power of one dollar is equal to _____. a. real GDP divided by nominal GDP b. ... (Read 150 times)

go.lag

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on: Jun 30, 2018
The purchasing power of one dollar is equal to _____.
 a. real GDP divided by nominal GDP
  b. nominal GDP divided by real GDP
  c. 1 minus the average price level
  d. the reciprocal of the average price level
  e. the implicit GDP deflator divided by the CPI

Question 2

A testable proposition that predicts how people will react to changed circumstances is called a hypothesis.
 a. True
  b. False
  Indicate whether the statement is true or false


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JCABRERA33

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


go.lag

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

flexer1n1

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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