A change in any component of aggregate demand creates a larger change in overall aggregate demand. This is the ________ effect, and it means, for example, that a(n) ________ in consumption will cause an even larger ________ in AD

A productivity growth slowdown can be shown as year-to-year fluctuations of real GDP around potential GDP

Indicate whether the statement is true or false

The decision about what goods and services will be produced in a centrally planned economy is made by

A) producers deciding what society wants most. B) lawmakers in the government deciding on what will be produced. C) consumers dictating to firms what they need most. D) workers deciding to produce only what the boss says must be produced. E) consumers and firms choosing which goods and services to buy or produce.