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The price of hot dogs rises greatly what is the effect on the demand of ketchup
There is a negative relationship between price and quantity demanded
CPI includes only the typical consumers goods, GDP includes all goods
Ambiguous
To the right
Consumer Spending, Government Spending, Investment, and Net Exports
Another good they can make will bring more revenue
The demand decreases
100(Nominal GDP)/(Price Index)
What is the formal for finding Real GDP
There is a negative relationship between price and quantity demanded
CPI includes only the typical consumers goods, GDP includes all goods
Ambiguous
To the right
Consumer Spending, Government Spending, Investment, and Net Exports
Another good they can make will bring more revenue
The demand decreases
100(Nominal GDP)/(Price Index)
Which does not affect Supply
There is a negative relationship between price and quantity demanded
CPI includes only the typical consumers goods, GDP includes all goods
Ambiguous
To the right
Consumer Spending, Government Spending, Investment, and Net Exports
Another good they can make will bring more revenue
The demand decreases
100(Nominal GDP)/(Price Index)
What are the components of GDP
There is a negative relationship between price and quantity demanded
CPI includes only the typical consumers goods, GDP includes all goods
Ambiguous
To the right
Consumer Spending, Government Spending, Investment, and Net Exports
Another good they can make will bring more revenue
The demand decreases
100(Nominal GDP)/(Price Index)
Which way will the Supply curve of bagels if the price of yeast decreases
There is a negative relationship between price and quantity demanded
CPI includes only the typical consumers goods, GDP includes all goods
Ambiguous
To the right
Consumer Spending, Government Spending, Investment, and Net Exports
Another good they can make will bring more revenue
The demand decreases
100(Nominal GDP)/(Price Index)
What is the Law of Demand?
There is a negative relationship between price and quantity demanded
CPI includes only the typical consumers goods, GDP includes all goods
Ambiguous
To the right
Consumer Spending, Government Spending, Investment, and Net Exports
Another good they can make will bring more revenue
The demand decreases
100(Nominal GDP)/(Price Index)
What is the difference between GDP Deflator and CPI
There is a negative relationship between price and quantity demanded
CPI includes only the typical consumers goods, GDP includes all goods
Ambiguous
To the right
Consumer Spending, Government Spending, Investment, and Net Exports
Another good they can make will bring more revenue
The demand decreases
100(Nominal GDP)/(Price Index)
The Supply Curve shifts to the right due to new technology, while the Demand curve shifts to the left because a substitute good costs less, what does this do to the quantity eq.
There is a negative relationship between price and quantity demanded
CPI includes only the typical consumers goods, GDP includes all goods
Ambiguous
To the right
Consumer Spending, Government Spending, Investment, and Net Exports
Another good they can make will bring more revenue
The demand decreases
100(Nominal GDP)/(Price Index)
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