The explicit costs of an item include all of those things that must be forgone to acquire that item

The quantity of real GDP demanded on the AD curve is the equilibrium real GDP when

A) equilibrium expenditure is greater than real GDP. B) aggregate planned expenditure equals real GDP. C) the price level equals the equilibrium price level. D) aggregate planned expenditure is greater than real GDP. E) aggregate planned expenditure is less than real GDP.

Choosing a pair of shoes that fit your feet most comfortably describes both a decision and a game

Indicate whether the statement is true or false