1. True or False? - Give reasons

• A Real-GDP-growth rate of one percent is not satisfying for Germany.
• Inflation and a reduction in unemployment are characteristic of a negative output gap.
• A positive output gap is characterized by a situation in which the GDP is lower than production potential

1. Name and explain the three main functions of money. How does inflation affect them?
2. Which problems are associated with the creation of a price index in general?
3. Explain the HICP and its characteristics.
4. Define the concept of business cycles. Which implications do the business cycles have on theeconomy?
5. In which ways can GDP be determined? Name the three ways and explain.
6. Does a rise in assets receivable make the aggregate monetary assets of a closedeconomy rise? Does a rise in tangible assets?