The Following Is a List of Economic Events

question 113

Multiple Choice

The following is a list of economic events:
1.A big cut in the price of imported oil.
2.An increase in the money supply.
3.An increase in labour productivity.
4.A decline in the GDP of the USA
5.A big rise in nominal wages.
-How does the economy eventually adjust to a recessionary gap?

• A)The nominal wage and price levels will both increase.
• B)The nominal wage and price level will both decrease.
• C)The nominal wage level will decrease but the price level will increase.
• D)The nominal wage level will increase but the price level will decrease.

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Definitions:

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A practice where an individual uses a technique, such as mindfulness or focusing the mind on a particular object, thought, or activity, to train attention and awareness, and achieve a mentally clear and emotionally calm state.

Mind-Body-Spirit Connection

The holistic integration of physical, mental, and spiritual well-being affecting overall health.

Holistic Approach

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Elevated Cholesterol Levels

Higher than normal levels of cholesterol in the blood, increasing the risk of heart disease and stroke.