The highest component of GNP is
A) the current account.
B) investment.
C) government purchases.
D) consumption.
E) trade.
D
Economics
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When policy changes are temporary, then:
a. exchange rates do not change. b. expectations do not change. c. interest rates do not change. d. expectations can change based on results.
Economics
The quantity of real GDP supplied decreases if the price level ________ because it ________ profits
A) falls; decreases B) rises; increases C) rises; decreases D) falls; increases E) None of the above answers is correct because the AS curve is vertical so that the quantity of real GDP supplied does not change when the price level changes.
Economics