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b.blackboard.com/webapps/assessment/take/launchjsplcourse assessment id-82995, 18course id- 26372, 18content id QUESTION 4 If consumption changes because of a change in a factor other than the price level, then the OA economy moves from one point on an AD curve to another point on the same curve BAD curve shifts ) C economy moves from one point on a short-run aggregate supply (SRAS)cuve to anoth O D SRAS curve shifts OE none of the above QUESTION 5 The sale of goods is omitted from current GDP because A intermediate goods; these goods da not constitute production B used goods these goods were counted in an earler year C. illegal; these goods do not constitute economic value D b and o E a b, and c Save and Subrmit to save and submit Cicl Save astoave allanawers aue ali anstwers Save

Explanation / Answer

4. B) AD curve shifts

Change in factors other than price shifts AD curve rightwards or leftwards.

5. B) used goods; these goods were counted in an earlier year.

GDP does not take into account purchase and sale of used goods because these are counted in the earlier year.

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