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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 85 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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  • Posts: 570
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

raenoj

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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