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Author Question: Inflation is defined as an increase in: a. real wages of workers. b. real GDP. c. the average ... (Read 65 times)

KWilfred

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on: Jun 30, 2018
Inflation is defined as an increase in:
 a. real wages of workers.
  b. real GDP.
  c. the average price level.
  d. all consumer products.

Question 2

Income tax collections:
 a. fall during periods of prosperity, thus increase federal budget deficits.
  b. rise during periods of prosperity, thus reduce federal budget deficits.
  c. fall during recessions, thus increase the problem of unemployment.
  d. rise during recessions, thus increase the problem of unemployment.


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vseab

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

c

Answer to Question 2

b


KWilfred

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

blakcmamba

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Reply 3 on: Yesterday
Excellent

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