Rustici Econ 104- Exam 2 Questions and Answers|Latest Update

Rustici Econ 104- Exam 2 Questions and Answers|Latest Update Which of the following is included in gross national product (GNP) statistics? A. the value of leisure time B. the value of intermediate of higher order stage transactions such as buying corporate stock. C. the value of non-market, non-cash intermediated transactions D. the final output of all consumer goods and services available for immediate consumption 3. the level of environmental quality. D. the final output of all consumer goods and services available for immediate consumption Which of the following would a classical macro-economist disagree with? A. the interest rate is the price of money b. says law of markets c. unemployment can be caused by a dis-proportionality in production of economic goods d. prices should be as flexible as possible e. the quantity theory of money Which of the following is true? A. the interest rate is the price of money