Social Security payments are included in personal income.
a. True
b. False
Indicate whether the statement is true or false
Question 2
The horizontal segment of the aggregate supply curve:
a. shows that real GDP can increase only by affecting the economy's price level.
b. shows that real GDP can increase without affecting the economy's price level.
c. depicts a positive relationship between real GDP and the price level.
d. depicts a negative relationship between real GDP and the price level.
e. marks the full-employment level of real GDP.
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