Multiple Choice
To study a macroeconomy,we calculate aggregate quantities in real terms because
A) we want to get rid of the illusion of price effects.
B) we want to concentrate on the production of real goods, as opposed to services.
C) it is then easier to take logarithms.
D) it is the only way to reconcile the three approaches to measuring GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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