Until the First World War, the prices
A. Showed a procyclical trend.
B. fluctuated up and down with high magnitudes but no trend.
C. Showed a countercyclical trend.
The price-level was balanced over long periods of 20-50 years.
Macroeconomics distinguishes between the real economy and the
A. Black economy.
B. Monetary economy.
C. Virtual economy.
D. Normative economy.
Spending is influenced by both the amounts of products and services purchased and their dollar-denominated pricing.
Economy of Pakistan
Economy of India