When the supply and demand of currencies in the foreign exchange market determines their relative values, this is known as

Nominal GDP includes the current value of services produced in the economy

a. True b. False Indicate whether the statement is true or false

Technological change, such as the information technology revolution of the 1990s can shift the aggregate supply curve outward. If, at the same time, the government is decreasing spending, the most likely outcome of these two factors is a(n)

a. increase in the price level. b. decrease in the price level. c. increase in real GDP. d. decrease in real GDP.