If an Argument Has Premises That Are Probably True, Then

question 52

True/False

If an argument has premises that are probably true, then the argument is a strong inductive argument.

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Definitions:

Aggregate Output

The total value of all goods and services produced in an economy over a specific time period.

Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a specific time period at given prices.

Price Level

A measure of the average prices of goods and services in an economy at a given time.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of all goods and services produced over a specific time frame.