The person who developed the NIPA was: O an economist who had previously worked for the Bureau of Economic Analysis. O a member of the President's cabinet who happened to be an economist. O an economist who had previously worked for the NBER. O born in the United States but was educated in the former Soviet Union.
The person who developed the NIPA was: O an economist who had previously worked for the Bureau of Economic Analysis. O a member of the President's cabinet who happened to be an economist. O an economist who had previously worked for the NBER. O born in the United States but was educated in the former Soviet Union.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![The person who developed the NIPA was:
an economist who had previously worked for the Bureau of Economic
Analysis.
a member of the President's cabinet who happened to be an economist.
an economist who had previously worked for the NBER.
O born in the United States but was educated in the former Soviet Union.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbb6d373c-90f8-48d8-bff5-414cce3b9670%2F7aaf118f-731e-41a7-b27d-f69a7c9240ca%2F1mgijq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The person who developed the NIPA was:
an economist who had previously worked for the Bureau of Economic
Analysis.
a member of the President's cabinet who happened to be an economist.
an economist who had previously worked for the NBER.
O born in the United States but was educated in the former Soviet Union.
![When a market has a surplus, we will see a/an:
O increase in the Px.
O decrease in the Pe.
decrease in the Px.
O increase in the Pe.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbb6d373c-90f8-48d8-bff5-414cce3b9670%2F7aaf118f-731e-41a7-b27d-f69a7c9240ca%2Fbedhlzm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:When a market has a surplus, we will see a/an:
O increase in the Px.
O decrease in the Pe.
decrease in the Px.
O increase in the Pe.
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