This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When wages and prices are completely flexible ________. A) inflation is determined by expected ... (Read 69 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
When wages and prices are completely flexible ________.
 
  A) inflation is determined by expected inflation and price shocks
  B) labor hoarding occurs
  C) unemployment is disconnected from the real economy
  D) all of the above
  E) none of the above

Question 2

Are all categories of government expenditures included in gross domestic product? What government activities are not included in GDP?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amandalm

  • Sr. Member
  • ****
  • Posts: 306
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

No, all categories of government spending do not represent a demand for currently produced goods and services. For instance, government spending on transfer payment programs like social security and Medicare are not included.


maegan_martin

  • Hero Member
  • *****
  • Posts: 532
Reply #2 on: Jun 30, 2018
Thank you :)


amandalm

  • Sr. Member
  • ****
  • Posts: 306
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

The colors of peppers are determined by the interaction of several genes The colors of peppers are determined by the interaction of several genes
Observable Universe Before and After Inflation Observable Universe Before and After Inflation
Share of Human Capital in Wages in Developing Countries Share of Human Capital in Wages in Developing Countries
Share of Human Capital in Wages in Advanced Countries Share of Human Capital in Wages in Advanced Countries
Expected Distribution of IQ Scores Expected Distribution of IQ Scores
Bateson and Punnett’s Observed and Expected Phenotypes in F2 Sweet Peas Bateson and Punnett’s Observed and Expected Phenotypes in F2 Sweet Peas
Video: Elementary kinetics

For a complete list of videos, visit our video library