In Studies at the University of Minnesota on Twins Reared

question 263

Multiple Choice

In studies at the University of Minnesota on twins reared apart, it was found that identical twins were similar in

• A)their athletic or artistic talents.
• B)facial and hand gestures and voice quality.
• C)nervous tics, such as nail biting.
• D)all of these.

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Definitions:

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy, used to measure inflation and purchasing power.

Aggregate Demand Curve

A curve representing the relationship between the economy’s price level and real GDP demanded per period, with other things constant.

Leading Economic Indicator

A statistic about economic activities that helps analysts and policymakers predict future economic trends and business cycles.

Economic Activity

The actions that involve the production, distribution, and consumption of goods and services within an economy.