Which of the Following Statements Is False

question 117

Multiple Choice

Which of the following statements is false?

• A) Real GDP is the quantity of goods and services valued in base-year prices or base-year dollars.
• B) "Aggregate demand" and the "quantity demanded of Real GDP" are the same.
• C) According to the aggregate demand (AD)curve,the quantity demanded of Real GDP and the price level are inversely related.
• D) Real GDP is denominated in current-year prices.
• E) b and d

---

Definitions:

Alternative Work Arrangements

Employment setups that differ from traditional, full-time, year-round, on-site jobs, including part-time, telecommuting, and flexible scheduling.

Condition

A specific term or requirement within a contract or agreement that must be met for the agreement to be fully enforceable.

Express

Directly stated or explicitly declared, often used in legal and contractual contexts to describe terms or intentions that are clearly communicated.

Contract

A legally binding agreement between two or more parties, outlining obligations and rights.