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What else can I help you with?
True or false A price fixed below the equilibrium price of a product will cause a shortage of that product?
true
Is the cost of rising resources causing the cost of finished products to push upward is one cause of inflation?
it is true
How can one determine the real GDP from nominal GDP?
To determine the real GDP from nominal GDP, one must adjust the nominal GDP for inflation. This is done by using a price index, such as the Consumer Price Index (CPI), to account for changes in prices over time. By dividing the nominal GDP by the price index, one can calculate the real GDP, which reflects the true value of goods and services produced in an economy after adjusting for inflation.
True or false Inflation refers to a dramatic drop in prices?
False!Inflation means a dramatic increase in prices. The opposite of inflation is deflation. Deflation is a dramatic decrease in prices.
A long-run effect of increasing the money supply can be inflation?
true
True or false A price fixed below the equilibrium price of a product will cause a shortage of that product?
true
Is the cost of rising resources causing the cost of finished products to push upward is one cause of inflation?
it is true
True or false Inflation refers to a dramatic drop in prices?
False!Inflation means a dramatic increase in prices. The opposite of inflation is deflation. Deflation is a dramatic decrease in prices.
How can one determine the real GDP from nominal GDP?
To determine the real GDP from nominal GDP, one must adjust the nominal GDP for inflation. This is done by using a price index, such as the Consumer Price Index (CPI), to account for changes in prices over time. By dividing the nominal GDP by the price index, one can calculate the real GDP, which reflects the true value of goods and services produced in an economy after adjusting for inflation.
A long-run effect of increasing the money supply can be inflation?
true
Demand pull inflation will continue so long as there is excess total spending in the economy True Or False?
True.
Real GDP is nominal GDP adjusted for inflation true or false?
yes
Price floor is a minimum price fixed by the government. True or False?
True
As the price decrease the quantity supply price get higher True Or False?
True.
The equilibrium price or market clearing price is the price where the intentions of buyers and sellers match. True or False?
True
The equilibrium price is also called market clearing price. True or False?
True
Did the Populists support inflation?
they wanted the government to create a graduated income tax
