uesting questi Leation quest answer question portion quest ion que question Unit 4 Chapter 12 - 13 - Macroeconomics Using your textbook, define each of the terms below in complete sentences. Gross Domestic Product intermediate goods, nominal GDP real GDP price level aggregate supply aggregate demand business cycle expansion economic growth peak contraction trough recession depression leading indicators 1. What is the difference between intermediate goods and final goods? Why are intermediate goods not included in GDP? 2. How does nominal GDP differ from real GDP? 3. If aggregate demand rises, what happens to real GDP? What happens to the price level