One problem with using market values to measure GDP is that
A. prices for some goods change every year.
B. market values of exported goods are usually priced in foreign currencies.
C. some useful goods and services are not sold in markets.
D. you cannot compare completely heterogeneous goods by using their dollar values.
Answer: C
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Are saving accounts money?
A. No, because counting saving accounts as money would double-count that money. B. No, because they technically can't be used to buy goods and services. C. Yes, because they can be used to buy goods and services. D. Yes, even though they technically can't be used to buy goods and services.
Which of the following will cause a leftward shift in the aggregate demand curve?
A) a reduction in the money supply B) an increase in taxes C) a reduction in government spending D) all of the above