Which of the following would not affect this year's GDP?
a. the paint you purchased when painting your house
b. the new car your parents purchased and gave to you as a birthday present
c. a Gateway computer purchased by the U.S. government
d. the value of a used car you purchased, at its sale price
D
Economics
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Refer to Figure 10-4. What is the marginal rate of substitution for one bar of chocolate between h and j?
A) of a cookie. B) of a cookie. C) 2 cookies. D) 4 cookies.
Economics
If inflationary expectations are stable and there is no current inflation, the short-run Phillips curve will intersect the long-run Phillips curve at: a. a 0 percent unemployment rate
b. a 2 percent unemployment rate. c. a 4 percent unemployment rate. d. the natural rate of unemployment.
Economics