Gross domestic product is the
a. amount of final goods and services produced in an economy in a given year
b. value of all goods and services, measured in current market prices, produced in the economy in a year
c. value of final goods and services, measured in current market prices, produced in the economy in a year
d. amount of all goods and services produced in an economy in a given year
e. value of final goods and services produced in current market prices produced in an economy
C
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How are efficiency and inefficiency represented on a production possibilities frontier?
What will be an ideal response?
A change in the public's desire to hold money will
A) shift the IS curve. B) change the slope of the IS curve. C) shift the LM curve. D) change the slope and position of the LM curve.