1)GDP is defined as

Question 2.

The transfer of funds from savers to business investors takes place in the

Question 3.

The curve that shows quantities of total real output that will be offered for sale at various price levels is called the

Question 4.

The turning points of the business cycle are called

Question 5.

Which of the following is a criticism of the CPI?

Question 6.

Who is most likely to be a winner during inflationary times?

Question 7.

All but one of the following factors may contribute to slow growth of productivity in the United States:

Question 8.

Which of the following is a result of slow economic growth?

Question 9.

If aggregate demand increases and the aggregate supply curve is upward sloping and unchanged,

Question 10.

During the expansionary phase of the business cycle, it is likely that real
income will