Economic Indicators and the Business Cycle
If real GDP remains unchanged from one year to the next, what can we infer about nominal GDP if there has been inflation?
What does the GDP deflator compare to measure the effects of inflation?
When comparing two years' worth of economic output data to assess real growth, economists should use which type of GDP?
In the context of international trade, why would an intentional devaluation of a country's currency be considered to stimulate growth?
Which measure of GDP is calculated using current market prices?
When a central bank increases reserve requirements for commercial banks during an inflationary period, what is the most plausible immediate impact on aggregate demand and nominal wages?
A decrease in which measure would typically signal an upcoming recession when considering business cycle fluctuations?
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Given the US Economy experiences higher than expected inflation this year, what would you expect nominal GDP to show compared to the previous year?
Which indicator would an economist use to compare the standard living among different countries?
When comparing two years' gross domestic products to measure economic growth accurately, which version should be used to neutralize the effect of inflation?