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Unformatted text preview: Gross Domestic Product Explanation The market value of all final goods and services produced in Iceland rose 3.3%. Concept 2 Expansion Explanation In this quarter, Iceland is considered to be in a period of expansion, in which the real GDP is increasing Concept 3 The market for loanable funds Explanation The supply of loanable funds has increased because of the inflow from the International Monetary Fund. Having the supply increase will cause the interest rate to decrease. 3. Attach the original article to this sheet....
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- Spring '10