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Author Question: GDP does not directly include: a. the value of final goods and services produced, but not sold, ... (Read 38 times)

cdr_15

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on: Jun 30, 2018
GDP does not directly include:
 a. the value of final goods and services produced, but not sold, during a period.
  b. the value of services rendered during a period.
 c. the value of intermediate goods sold during a period.
 d. any of the above.

Question 2

Suppose the long-run aggregate supply curve shifts to the right as a consequence of the discovery of more efficient production technologies. Given unchanged aggregate expenditure, this implies a rise in long-run equilibrium output and a decline in the equilibrium price level.
 a. True
  b. False
  Indicate whether the statement is true or false


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rachel

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


cdr_15

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Reply 2 on: Jun 30, 2018
Gracias!

nguyenhoanhat

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Reply 3 on: Yesterday
Excellent

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