Question
Hello Tutor, please kindly take a look at these questions. Thanks a lot. 1. During the late 1990s, Japan experienced reductions in the GDP deflator.
Hello Tutor, please kindly take a look at these questions. Thanks a lot.
1. During the late 1990s, Japan experienced reductions in the GDP deflator. Given this information, we know with certainty that
A. real GDP fell during these periods
B. real GDP did not change during these periods
C. the overall price level in Japan decreased during these periods
D. both real GDP and the overall price level decreased during these periods
2. The money demand curve will shift to the left when which of the following occurs?
A. a reduction in the interest rate
B. an increase in the interest rate
C. an open market sale of bonds by the central bank
D. an increase in income
E. none of the above
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