Please explain why the bolded answers are correct.
In 2018, the nominal GDP in Country X increased by 5%, but its citizens’ standard of living went down from 2017. If 2017 was the base year, then the price index in 2018 was
Which of the following will have the largest expansionary effect on aggregate demand?
Assume that an increase in nominal wages in Brownsonia leads directly to an increase in worker productivity. These 2 events
Cost-push inflation will be reflected by a
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