If a business firm in Country A produces a good but does not sell it in that same year, that good will not be counted in Country A's GDP

Lucinda starts a business consulting company. She makes all the business decisions and bears the risk of running the business. The typical payment for Lucinda's work is ________

A) all the revenue greater than her opportunity cost B) all the revenue greater than the capital investment C) a normal profit D) an economic profit

Paul Volcker's inflation reduction efforts

a. failed to reduce inflation. b. failed to reduce expected inflation. c. resulted in the highest unemployment rate since the Great Depression. d. none of the above are correct.