#macro-economics Andy RockwellKansas StateAccording to Okun's Law, a 1% increase of unemployment rate results in a loss of GDP of how many percentage points?2Vikram MehtaIIT-MadrasWhat theory explains why deflation may actually lead to an increase in GDP?Pigou EffectAdi SamyOsmania University, HyderabadWho introduced the concept of 'Permanent Income Hypothesis?Milton FriedmanViola GreyUniversity of TorontoIn what year was the WTO (World Trade Organisation) created?1995Wendy RogersOxford UniversityWhat is the alternative name for Consumer Price Index (CPI)?Laspeyres IndexVarun RajaMadras University, ChennaiWhat exactly is the Fisher Effect?A one for one relation between inflation and the nominal interest rateBarbara CanfieldBoston UniversityIf an economy uses a floating exchange rate system then what will happen to GDP if the government decided to use expansionary fiscal policy?No changeAdi SamyOsmania University, HyderabadThe 'Quantity Equation' can be expressed as MV=PY, from this what is the other form of expression for real money balances?kYAndy RockwellKansas StateDiffrence between Real and Nominal GDP is ?Change in price level from base year to current yearWen XuUniversity of TaiwanGDP is market value of all the final goods?Produced domestically Load More Info Questions 20 Similar #american-history#anthropology#archeology#art-history#asian-studies Hot questions eeeeeeeeee