Which of these questions does aggregate demand help us answer?
I. What determines the total amount of our output that individuals, firms, governments and foreigners want to buy?
II. What is the economy's long-run real Gross Domestic Product (GDP)?
III. What determines the economy's equilibrium price level and the rate of inflation?
A) I only
B) I and II
C) II and III
D) I and III
D
Economics
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What will be an ideal response?
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Answer the following statement true (T) or false (F)
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