In the long run there are ________ price level surprises, meaning that the actual price level ________ the anticipated price level

If the purchase of used goods was to be incorporated into measuring GDP using the expenditure approach, then

A) consumption spending would need to be adjusted for depreciation. B) it will be very difficult to assign a fair market value to a used good. C) we will have to account for the natural depreciation that a used good experiences. D) we also will have to account for spending on financial assets. E) we will be counting the value of the used goods both at the time of their production and at the time of their re-sale.

In the Keynesian model, liquidity preference refers to the

A) demand for capital. B) demand for consumer goods. C) demand for money. D) money supply.