A bank cannot create money unless its ________.
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GDP can be computed as the sum of
GDP can be computed as the sum of
If the economy is at full employment
If the economy is at full employment
Two methods of measuring GDP are
Two methods of measuring GDP are
In the figure, when the real wage rate is $10 an hour, _____…
In the figure, when the real wage rate is $10 an hour, ________.
Which of the following purchases is included in personal con…
Which of the following purchases is included in personal consumption expenditures when determining gross domestic product?
GDP counts only final goods and services because this
GDP counts only final goods and services because this
A discouraged worker ________ counted as officially unemploy…
A discouraged worker ________ counted as officially unemployed and ________ counted as in the labor force.
An expansion ends when the economy
An expansion ends when the economy
In 2013, the U.S. government budget had a deficit. By defini…
In 2013, the U.S. government budget had a deficit. By definition, it must have been the case that