2.[Single Choice] A key factor in producing high economic growth is A) eliminating foreign trade. B) well-functioning financial markets. C) high interest rates. D) stock market volatility. A eliminating foreign trade. Bwell-functioning financial markets. high interest rates. D stock market volatility. 7.[Single Choice] The upward and downward movement of aggregate output produced in the economy is referred to as the A roller coaster B see saw shock wave D business cycle 1.8 exercises: chapter 1 9. True or False] When tax revenues are greater than government expenditures, the government has a budget surplus. A) 00 B 10.[True or False] The price of one country's currency in terms of another country's currency is called the interest rate. A x B 1.8 exercises: chapter 1 11.[True or False) The gross domestic product is the market value of all final goods and services produced in an economy in a year. A B 12.[True or False] When the total value of final goods and services is calculated using current prices, the resulting measure is referred to as real GDP. A) B m! 13.[True or False] If the CPI in 2004 is 200, and in 2005 the CPI is 180, the rate of inflation from 2004 to 2005 is 10%. A B)