Author Question: The government (G) category of gross domestic product (GDP) excludes welfare and other transfer ... (Read 65 times)

biggirl4568

  • Hero Member
  • *****
  • Posts: 551
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

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

True

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

For a complete list of videos, visit our video library