Answer:
The correct answer is City-County Consolidation.
Explanation:
To deal with the recession and reduce costs, several municipalities in the United States join their services, departments and, in some cases, even complete mergers.
According to the US local government, a consolidated city-county, metropolitan municipality or regional municipality is a city and county that have combined to form a jurisdiction.
A metropolitan municipality is a consolidated city-county or a metropolitan government, or both. If the jurisdictional area of the consolidated city-county is a mixture of an urban or suburban or rural area, the term "regional municipality" may also be used.
In the short-run, the effect on the price level and the real GDP is <em>a. Both the </em><em>price level </em><em>and </em><em>real GDP </em><em>rise.</em>
Since the economy is in long-run equilibrium in 2019, and the stock prices unexpectedly rise and stay high for a long time, it means that the price level does not:
- Rise while the real GDP falls
-
Fall while the real GDP rises
-
Fall with the real GDP.
<u>Question Options</u>:
a. both the price level and real GDP rise.
b. the price level rises and real GDP falls.
c. the price level falls and real GDP rises.
d. both the price level and real GDP fall.
Thus, in the short-term of this economy both the price level and real GDP rise.
Learn more: brainly.com/question/13029724
Answer:
(i) Base year prices
(ii) between two consecutive years
Explanation:
formula for GDP deflator is (real GDP)/(nominal GDP) x 100 which is the numerator real GDP where prices are valued at the current year adjusted to inflation or deflation and then the denominator where prices are valued at a base year where prices are valued at a nominal year which are not adjusted to any inflation or deflation.
The CPI ( consumer price index) is calculated by determining the rise or fall in price of a good or goods in two consecutive periods which in turn gives us the increase or decrease in price percentage.
