New home construction is included in the consumption component of GDP
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Money is the most liquid asset, because as _______ it requires no conversion.
a) a unit of account b) a medium of exchange c) a store of value d) fiat money
Economics
If a country passes a labor law limiting the number of hours of work per week, GDP would ________ and leisure would ________
A) decrease; increase B) decrease; decrease C) increase; increase D) increase; decrease
Economics