Real GDP is nominal GDP measured in constant ?

Related Mcqs:

Macroeconomic theory that emphasized the theories of Keynes and de-emphasized the classical theory developed as the result of the failure of ?

A. economic theory to explain the simultaneous increases in inflation and unemployment during the 1970s B. The classical model to explain the prolonged existence of high unemployment during the Great Depression C. fine tuning during the 1960s D. the economy to grow at a rapid rate during the 1950s...

In a macroeconomic model without foreign trade or a government aggregate demand is the sum of ?

A. personal saving and private investment B. personal saving and personal consumption C. personal consumption and private investment D. None of the above...

A linear consumption function with a positive slope less than one means that if income increases consumption will ?

A. fall B. not change C. fluctuate D. increase...

The percentage of the labor force that is unemployed is the ?

A. unemployment rate B. labor force rate C. employment rate D. unemployment population ratio...

Short-run equilibrium output means that aggregate demand __________ actual output?

A. is less than B. equals C. is greater than D. fluctuates around...