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Author Question: Intermediate goods are included and final goods are not included in calculating gross domestic ... (Read 71 times)

Awilson837

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on: Jun 30, 2018
Intermediate goods are included and final goods are not included in calculating gross domestic product.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The aggregate supply curve reflects the relationship between the price:
 a. of a particular good and the quantity supplied by all firms producing that good.
  b. of a particular good and the quantity supplied by the aggregate economy.
  c. level and the quantity supplied of all goods in the economy.
  d. level and the quantity of all goods purchased in the economy.


kmb352

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

False

Answer to Question 2

c


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