GDP includes the value of leisure, and leisure is estimated based on the worker's foregone hourly earnings (opportunity cost) from their tax returns and/or completed census survey forms

Investment is the expenditure done by

A) savers. B) firms. C) the rest of the world. D) governments. E) Both answers A and B are correct.

According to the intertemporal substitution effect, when the price level rises and other things remain the same

A) the interest rate falls. B) the interest rate rises. C) the quantity of money increases. D) government taxes rise.