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 70 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?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Cause of Inflation Cause of Inflation
Prices for Cotton and for Slaves, 1802–1860 Prices for Cotton and for Slaves, 1802–1860
Production and Prices in Richland and Poorland Production and Prices in Richland and Poorland
Expected Distribution of IQ Scores Expected Distribution of IQ Scores
Determined the magnitude of the magnetic force on the conductor. Determined the magnitude of the magnetic force on the conductor.
The expected value for a binomial probability distribution is _____. The expected value for a binomial probability distribution is _____.
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library