The aggregate supply-aggregate demand diagram models
A. the behavior of individual firms.
B. the interaction of producers and consumers for a particular good or service.
C. the economy as a whole.
D. the behavior of individual consumers.
Answer: C
Economics
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All of the following present significant problems with measuring real GDP and the price level except
A) changes in absolute price levels. B) changes in relative price levels. C) changes in the quality of goods over time. D) the introduction of new goods.
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