Once macroeconomic equilibrium has been established in an ...

[Metfan725]

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.

[TheNamesImani]

Answer to Question 1

False

Answer to Question 2

d

[Metfan725]

Excellent

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