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4 Cards in this Set

  • Front
  • Back

Is nominal interest rate is greater than the real interest rate then?

Inflation must be occurring

Sources of bias in cpi

Commodity substitution


Outlet substitution bias


Quality bias

Percentages of cignx

C= 68


I=17


G=18


Nx= -3%

What is gdp used for

Compare standard of living across time and to determine peak or trough in business cycle