GDP does not directly include: a. the value of final goods and ...

[cdr_15]

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

[rachel]

Answer to Question 1

c

Answer to Question 2

True

[cdr_15]

Thanks for the timely response, appreciate it

[chereeb]

Excellent