Gross Domestic Product:
What will be an ideal response?
total market value of all final goods and services produced in the economy in one year
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In the early 1960s, monetary theory rather than Keynesian theory dominated economics
a. True b. False Indicate whether the statement is true or false
When a park is funded by visitors but not by taxpayers in general,
a. there will be too few parks because most people will not pay to use a park. b. visitors will be better served because poor service would lead to reductions in revenues. c. park budgets will decline. d. park quality will decline.
If unplanned inventory investment is positive, then
A. planned aggregate spending must be greater than aggregate output. B. planned aggregate spending must equal aggregate output. C. planned investment must be zero. D. planned aggregate spending must be less than aggregate output.
Explain how accounting rules have been beneficial for markets
What will be an ideal response?