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Author Question: An increase in the price level is defined as A) a recession. B) a growth boom. C) inflation. ... (Read 93 times)

JGIBBSON

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on: Jun 29, 2018
An increase in the price level is defined as
 
  A) a recession.
  B) a growth boom.
  C) inflation.
  D) an expansion.

Question 2

Real GDP does not show the state of economic welfare in a country in part because GDP omits
 
  I. household production.
  II. leisure time available.
  III. the quality of the environment.
  A) I only
  B) I and III
  C) II and III
  D) I, II and III


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aburgess

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


JGIBBSON

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Reply 2 on: Jun 29, 2018
Gracias!

komodo7

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

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