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Author Question: The government (G) category of gross domestic product (GDP) excludes welfare and other transfer ... (Read 66 times)

biggirl4568

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on: Jun 30, 2018
The government (G) category of gross domestic product (GDP) excludes welfare and other transfer payments.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The pre-Keynesian or classical economic theory viewed the long-run aggregate supply curve for the economy to be:
 a. horizontal at the full-employment level of real GDP.
  b. positively sloped at the full-employment level of real GDP.
  c. vertical at the full-employment level of real GDP.
  d. backward bending at the full-employment level of real GDP.


Bsand8

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


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