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For each of the following statements, decide if the statement is true or false and explain why: A) If Jane buys a brand new 2016 car in 2017, 2017 GDP does not change. B) The CPI is a better indicator of the price level than the GDP deflator C) If workers at a customer service call center in Durham, NC get laid-off because their company has moved the call center to India; this is an example of cyclical unemployment. D) “Full employment” occurs when every working aged individual in the economy is employed.
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