True or false-multiplier and gnp

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Answer whether the following statements are true or false, explaining your answer in each case.

A. Gross national product at current prices is a measure of real economic activity.

B. The Keynesian model suggests that output is mainly demand-determined.

C. Unplanned inventory changes are the signal to firms that there is disequilibrium.

D. The multiplier in our simple model tells us how much output changes when aggregate demand shifts

Reference no: EM1314298

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