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Author Question: If nominal GDP increases this year, then real GDP A) could either increase or not change but ... (Read 63 times)

shenderson6

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on: Jun 30, 2018
If nominal GDP increases this year, then real GDP
 
  A) could either increase or not change but cannot decrease.
  B) must decrease.
  C) must increase.
  D) must not change.
  E) could increase, decrease, or not change.

Question 2

The outlet substitution bias is most likely to put ________ and so ________ the inflation rate.
 
  A) a downward bias into the CPI; overstate
  B) no bias into the CPI because it is such a small effect; have no effect on
  C) a downward bias into the CPI; understate
  D) an upward bias into the CPI; overstate
  E) an upward bias into the CPI; understate


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Meganchabluk

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

E

Answer to Question 2

D


shenderson6

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Reply #2 on: Jun 30, 2018
Correct answers!


Meganchabluk

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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