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Inflation brings about changes in real incomes of persons.a. True b. False

One of Statistic Canada's leading economic indicators is the number of housing starts.

a. True b. False


Measuring the performance of our economy is important to private businesses and to macroeconomic policymakers in setting goals and developing policy recommendations.

a. True b. False


The "richest" or "most-developed" countries today have many times the per capita output of the "poorest" or "least-developed" countries.

true or false


In periods of high unexpected inflation, the nominal interest rate can be very high, whereas the real interest rate is low or even negative.

a. True

b. False


An important link exists between research and development and capital investment, in that when capital depreciates over time, it is replaced with new equipment that embodies the latest technology.

a. Trueb. False

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