Nominal GDP increases

In the context of sticky wages, why might employers be hesitant to reduce wages during an economic downturn?

When the economy is ______ full employment, real GDP is _____ than potential real GDP..

The single largest expenditure component in GDP is

Despite its limitations, what does GDP per capita serve as?

While one occasionally sees references to inflation over short time periods, the term typically implies a(n)_____________ in prices.

Full employment corresponds to which state of the economy?

GDP does not account for which of the following activities?

Which item has the largest weight in the CPI basket?

The U.S. economy is experiencing rising output, rising employment, rising incomes and falling unemployment. These conditions best describe a business cycle