Consumer goods that are produced, go into inventory, and are not sold during the current period are
a. counted as intermediate goods and so are not included in current period GDP.
b. counted in current period GDP only if the firm that produced them sells them to another firm.
c. included in current period GDP as inventory investment.
d. included in current period GDP as consumption.
c
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Incorporated firms first began appearing in the 1850s
Indicate whether the statement is true or false
If aggregate demand keeps shifting rightward month after month and aggregate supply remains constant, the economy will experience a recession
a. True b. False Indicate whether the statement is true or false
New classical economists say that an unanticipated increase in aggregate demand first:
A. increases the price level and real output, and then reduces short-run aggregate supply such that the economy returns to the full-employment level of output. B. increases the price level and real output, and then increases long-run aggregate supply. C. increases long-run aggregate supply, and then increases the price level and real output. D. reduces short-run aggregate supply, and then reduces long-run aggregate supply.
Refer to the information provided in Figure 15.2 below to answer the question(s) that follow. 
Figure 15.2 Refer to Figure 15.2. At We Do Hair, a monopolistically competitive firm, the ________ perm is $32.
A. marginal cost of a B. profit-maximizing price for a C. average total cost of a D. profit on each