CHAPTER 15: TEST BANK

T 10. Supply side policy can include deregulation and cuts in tax rates. F 11. My current purchase of a 10-year old house is part of current GDP. T 12. The price the consumer pays for a gallon of gasoline, including any excise taxes, is called the market price of gasoline. T 13. Production by a foreign citizen in the U.S. is part of U.S. GDP. T 14. ................
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