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Author Question: By engaging in trade and acting in their own self interest, World War II POWs were following the ... (Read 76 times)

lak

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on: Jun 30, 2018
By engaging in trade and acting in their own self interest, World War II POWs were following the economic principle of
 
  A) division of labor. B) international trade.
  C) voluntary exchange. D) comparative advantage.

Question 2

According to the policy irrelevance proposition, real Gross Domestic Product (GDP) is determined by
 
  A) the economy's long-run aggregate supply curve.
  B) a combination of fiscal policy and monetary policy.
  C) the rate of inflation only.
  D) the economy's aggregate demand curve.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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tranoy

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


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