Author Question: Once macroeconomic equilibrium has been established in an economy, there is no tendency for real GDP ... (Read 41 times)

Metfan725 · **on:** Jun 30, 2018

Once macroeconomic equilibrium has been established in an economy, there is no tendency for real GDP to change, even if there is a change in autonomous expenditure.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The opportunity cost of an action includes:
a. the monetary expenses incurred as a result of the action.
b. the highest valued alternative use of the time spent on the action.
c. the benefits received as a result of the action.
d. only a. and b.