An increase in nominal GDP indicates that output has increased.
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Q1: Government purchases include both government purchases of
Q2: Goods produced but not sold during the
Q4: The business cycle consists of four phases:
Q5: Net private domestic investment is a measure
Q6: Aggregate demand shows the total amount of
Q7: The aggregate supply curve shows the total
Q8: A price index measures the price level
Q9: Unemployment increases during the expansion phase of
Q10: GDP has four parts: consumption, investment, government
Q11: Recurring fluctuations in the level of economic
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