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amount of goods and services available to each individual per period of time. change in the quantity of goods and services produced over two periods of time. value of the goods and services worn out in the production process during one year.
8/8/2017Week 2 - Quiz: ECO203: Principles of Macroeconomics (BNK1732A)4/6value of production of final output in one year after adjusting for changes in price during thesame period.Correct!value of goods and services produced as of a particular point in time. The answer can be found in Section 5.3 REAL GDP, THE GDP DEFLATOR, ANDECONOMIC GROWTH in Macroeconomics1 / 1 ptsQuestion 6The curve that shows quantities of total real output that will be offered for sale at variousprice levels is called theaggregate demand curve. real gross domestic investment curve. aggregate supply curve. Correct!yield curve. aggregate individual demand curve. The answer can be found in Section 6.2 AGGREGATE SUPPLY CURVE inMacroeconomics0 / 1 ptsQuestion 7Economists use the phrase "business cycle" when discussingfluctuations in the money supply.
8/8/2017Week 2 - Quiz: ECO203: Principles of Macroeconomics (BNK1732A)5/6fluctuations in aggregate measures of economic output or income. Correct Answerfluctuations in employment. You Answeredchanges in economic productivity.