To Keep Track of Long-Run Growth and Short-Run Fluctuations, Economists

question 10

Multiple Choice

To keep track of long-run growth and short-run fluctuations, economists will look at statistics such as:

• A)interest rate and, stock market prices.
• B)stock market prices only.
• C)inflation, expected rate of returns on investments.
• D)real and nominal GDP, unemployment and inflation rates.

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Definitions:

Inborn Ideas

Concepts believed to be present in the mind from birth, a notion central to some philosophical theories of knowledge.

Plato

An ancient Greek philosopher, student of Socrates and teacher of Aristotle, known for his profound influence on Western thought, particularly in the fields of ethics, metaphysics, and political theory.

Nature

The phenomena of the physical world collectively, including plants, animals, the landscape, and other features and products of the earth, as opposed to humans or human creations.

Nurture

The influence of environmental factors and experiences on an individual's development, as opposed to genetic influences.