Author Question: If workers and firms expect increases in future prices, it can lead the short run aggregate supply ... (Read 51 times)

wenmo · **on:** Jun 30, 2018

If workers and firms expect increases in future prices, it can lead the short run aggregate supply curve to shift left.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Which of the following statements about transfer payments is true?
a. Transfer payments are not included in total government expenditures.
b. Transfer payments involve the international remittance of funds.
c. Transfer payments refer to the transfer of money by the commercial banks to the people.
d. Transfer payments are made by the government to taxpayers.
e. Transfer payments are made when governments purchase goods and services.