This topic contains a solution. Click here to go to the answer

Author Question: Once macroeconomic equilibrium has been established in an economy, there is no tendency for real GDP ... (Read 35 times)

Metfan725

  • Hero Member
  • *****
  • Posts: 552
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

TheNamesImani

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

False

Answer to Question 2

d




Metfan725

  • Member
  • Posts: 552
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Excellent

 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

For a complete list of videos, visit our video library