According to economists, changes in the quality of goods

a. leads to overestimates of the measured value of GDP because these goods last for shorter amounts of time
b. leads to underestimates of the measured value of GDP because these goods last for shorter amounts of time
c. leads to overestimates of the measured value of GDP because these goods last for longer amounts of time
d. have no effect on the measured value of GDP
e. leads to underestimates of the measured value of GDP because these goods last for longer amounts of time

E

Economics

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Game theory is important for the understanding of

a. competitive markets. b. monopolies. c. oligopolies. d. all market structures.

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The classical dichotomy says that two groups of variables are affected by different forces. What are these two groups of variables?

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