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 74 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?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

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
A Listing of the Expected Electron Configurations for Some of the Common Elementsa A Listing of the Expected Electron Configurations for Some of the Common Elementsa
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Prices in Japan before and after Opening to Trade Prices in Japan before and after Opening to Trade
Wages and Machines in the Textile Industry, 1910 Wages and Machines in the Textile Industry, 1910
Share of Human Capital in Wages in Advanced Countries Share of Human Capital in Wages in Advanced Countries
Video: Junction Types - Tight and Adherens Junctions

For a complete list of videos, visit our video library