Author Question: If real gross domestic product is 2,000 billion and aggregate demand is 2,500 billion, unplanned ... (Read 61 times)

debasdf · **on:** Jun 30, 2018

If real gross domestic product is 2,000 billion and aggregate demand is 2,500 billion, unplanned inventory depletion must be taking place.
a. True
b. False
Indicate whether the statement is true or false

Question 2

What is money? What are the three definitions of money in the United States?

ebonylittles · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

True

Answer to Question 2

Money is anything that serves as a medium of exchange, store of value and unit of account. The three definitions of the money supply in the United States are M1, M2 and M3.