If There Is an Increase in Nominal GDP, We Would

question 131

Multiple Choice

If there is an increase in nominal GDP, we would expect:

• A)the demand for money to increase.
• B)the interest rate to rise.
• C)bond prices to fall.
• D)all of the above to occur.

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Definitions:

Employee Discrimination

Unfair treatment of employees based on race, gender, age, religion, disability, or any other characteristic, rather than their merits or abilities.

Company Favouritism

The practice of giving unfair preferential treatment to one's own company or specific employees within it.

Class Structure

The organization of society into hierarchical layers based on socio-economic status, wealth, or occupation.

Income Distribution

The way in which total income is shared among the members of a society.