Examen
Econ 304 Final Exam 100% Correct!!
- Cours
- Établissement
Inflation (definition) -ANSWER Sustained upward movement in the aggregate price level that is shared by most products. inflation= %change in price level Output Ratio -ANSWER Ratio of actual real GDP to natural real GDP -If the ratio=100%, then price level (p) is constant -If the rati...
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