The value of unpaid childcare services provided by a stay-at-home dad ________ included in GDP; the value of daycare services purchased from a licensed childcare provider ________ included in GDP.

The long-run aggregate supply curve shows the relationship between

A) short-run aggregate supply and short-run aggregate demand. B) the quantity of real GDP supplied and the quantity of nominal GDP supplied. C) the real interest rate and the nominal interest rate. D) the price level and quantity of real GDP supplied.

The greater the availability of close substitutes for a product, the greater the price elasticity of demand for that product

a. True b. False