This topic contains a solution. Click here to go to the answer

Author Question: An increase in the price level is defined as A) a recession. B) a growth boom. C) inflation. ... (Read 103 times)

JGIBBSON

  • Hero Member
  • *****
  • Posts: 538
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aburgess

  • Sr. Member
  • ****
  • Posts: 361
Answer to Question 1

C

Answer to Question 2

D




JGIBBSON

  • Member
  • Posts: 538
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


softEldritch

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Excellent

 

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

For a complete list of videos, visit our video library