GDP measures the economy's production of:
a. final goods and services.
b. intermediate goods.
c. consumer goods and services.
d. capital goods.
a
Economics
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In Figure 35.1, what is the opportunity cost of DVD players in Japan?
A. 1/2 of a motorcycle per DVD player. B. 2 motorcycles per DVD player. C. 1/3 of a motorcycle per DVD player. D. 1 motorcycle per DVD player.
Economics
Which of the following would shift the Phillips curve to the left?
A. Contractionary fiscal policy. B. A decrease in the regulation of business. C. Contractionary monetary policy. D. An increase in import tariffs.
Economics