In most rich countries inflation has been relatively

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In most rich countries, inflation has been relatively high since the 1980s.False
In part, macroeconomists study individual behavior and microeconomic theories to
In the labor market model, an endogenous variable is
One reason economic activity fluctuates is that the central bank leads the economy
Over the last one hundred years, potential output hasbeen relatively equal to actual
Over the long term, economic growth swamps economic fluctuations.True
Potential output is a measure of per capita GDP in the future.False
Recently, the largest share of GDP isConsumption.
Suppose we compare GDP per person in Uganda and the United States in twoways: first using the exchange rate method and second using the relative pricebased conversion as well. Then Kenya appears to be richer under the relative price
The average annual growth rate in the United States from 1870 to 2004 is2 %.
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Term
Summer
Professor
CAREW
Tags
Economics, Macroeconomics, Purchasing Power Parity, Gdp, gross domestic product

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