Suppose there is a tax cut. This tax cut would have a direct effect on which of the following?

Drawing conclusions from international comparisons of GDP are difficult to assess because

A) GDP is understated in poorer countries because much of the work that people do is not provided in markets. B) GDP cannot be adequately evaluated as a measure of people's welfare or well-being. C) without adjusting for purchasing power parity, GDP comparisons might very well be meaningless. D) all the above reasons hold true.

Rational Expectations Theory attributes the ineffectiveness of government inflation policy to an inability to adequately account for people being able to anticipate policy actions and consequences

Indicate whether the statement is true or false