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 79 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?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

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
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Protein Needs Are Determined by Nitrogen Balance in Your Body Protein Needs Are Determined by Nitrogen Balance in Your Body
Prices in Japan before and after Opening to Trade Prices in Japan before and after Opening to Trade
Breakdown of the Population by Schooling and Wages Breakdown of the Population by Schooling and Wages
Video: Membrane transport proteins - pores, gated channels and pumps

For a complete list of videos, visit our video library