In the classical model, real Gross Domestic Product (GDP) per year is
A) determined by supply and demand conditions together.
B) supply determined.
C) demand determined.
D) due to supply conditions plus the extent of government intervention in the economy.
B
Economics
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The marginal product is the incremental change in total output that can be obtained from the use of one more unit of an input in the production process, while varying all other inputs
a. True b. False Indicate whether the statement is true or false
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