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Select the two correct answers below.
Select all that apply:
- Full-employment GDP
- GDP
- Potential GDP
- Real GDP
2.Factors that may change net exports are
Select all that apply:
- changes in the price levels of countries
- changes in the relative growth rates of countries.
- changes in domestic consumption of US goods
- changes in government spending
3.Although you can make a purchase with a credit card, _______.
Select the two answers below that correctly fill in the blank.
Select all that apply:
- it is not considered money.
- it is considered as a long-term loan.
- it is considered as a short-term loan.
- it is not considered as a reliable way to purchase goods and services.
4.t he long run aggregate supply curve is
Select the correct answer below:
a)horizontal at a fixed price level
b)vertical at the full employment level of GDP
c)upward sloping, illustrating the tradeoff between inflation and GDP
d)downward sloping, illustrating a negative relationship between price level and GDP
5.Economic adjustments can be slow if
Select the correct answer below:
a.people cannot form expectations about the future. Business Law Assignment: I need help writing a research paper.
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