Refer to the above figure. The equilibrium level of real Gross Domestic Product (GDP) is

Explain the difference between discretionary and automatic fiscal policy. Provide examples of each

What will be an ideal response?

Which of the following applies to the use of money as a unit of account?

I. A unit of account is an agreed measure for stating the prices of goods and services. II. Using money as a unit of account creates a simplified pricing system. III. Economies choose many goods as units of account. A) I only B) II only C) I and III D) I and II