Final goods and services refer to:
A. goods and services that are unsold and therefore added to inventories.
B. goods and services whose value has been adjusted for changes in the price level.
C. goods and services purchased by ultimate users, rather than for resale or further
processing.
D. the excess of U.S. exports over U.S. imports.
Answer: C
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Trace through the Keynesian cause-and-effect sequence. A decrease in the money supply will cause the interest rate to
a. fall, boosting investment and shifting the AD curve to the right, leading to an increase in real GDP b. fall, boosting investment and shifting the AD curve to the right, leading to a decrease in real GDP c. rise, cutting investment and shifting the AD curve to the right, leading to an increase in real GDP d. rise, boosting investment and shifting the AD curve to the right, leading to an increase in real GDP e. rise, cutting investment and shifting the AD curve to the left, leading to a decrease in real GDP
The increase in the overall level of prices is known as _____
Fill in the blank(s) with correct word