Refer to Figure 3-1. If the product represented is a normal good, a decrease in income would be represented by a movement from

"Final goods and services" are those that are

A) sold to ultimate or final purchasers. B) produced outside the United States. C) double counted in the calculation of GDP. D) used in the production of other goods and services.

When interest rates are artificially lowered through expansionary monetary policy,

A) longer-term investment projects appear to be more profitable. B) production of capital goods increases. C) the economy experiences an unsustainable boom phase. D) the economy will likely fall into a recession in the longer run. E) all of the above tend to occur.