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QUESTION 3 Individuals in the household sector earn income by receiving payment for the goods and services that they sell. True O False QUESTION 4

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QUESTION 3 Individuals in the household sector earn income by receiving payment for the goods and services that they sell. True O False QUESTION 4 A decrease in the demand for a product will lead to a decrease in both the price and the quantity traded. O True O False QUESTION 5 Aggregate demand is the total quantity of final goods and services that consumers, businesses, government and those living outside the country would buy at various different price levels. O True O False

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