This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Inflation is A) a decline in the total purchasing power of an economy. B) a decrease in the ... (Read 73 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 29, 2018
Inflation is
 
  A) a decline in the total purchasing power of an economy.
  B) a decrease in the amount of other goods that a unit of money will purchase.
  C) a fall in people's real incomes.
  D) an increase in the cost of living.
  E) all of the above.

Question 2

If the GDP deflator rises from one year to the next, we know that
 
  A) economic growth has occurred.
  B) everyone in the economy is at least slightly worse off.
  C) real GDP has declined.
  D) the amount of double-counting in GDP has increased.
  E) the average money price of the goods included in GDP has risen.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meltdown117

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

E


yoroshambo

  • Member
  • Posts: 566
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

AISCAMPING

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Three Mile Island Nuclear Power Plant in PA. Three Mile Island Nuclear Power Plant in PA.
The Decline of Two-Parent Families The Decline of Two-Parent Families
The benefits of wind power The benefits of wind power
Total Fertility Rate in Japan: Actual versus Forecast Total Fertility Rate in Japan: Actual versus Forecast
Find the derivative using the power rule Q2 Find the derivative using the power rule Q2
Consider a two-period economy with no investment opportunities: first and second period output ... Consider a two-period economy with no investment opportunities: first and second period output ...
Video: Electrical Conduction System of the Heart

For a complete list of videos, visit our video library