The ability of the Federal Reserve to use monetary policy to affect economic variables such as real GDP ultimately depends upon its ability to affect

Transfer payments ___ counted in GDP. Also, they ___ a payment for a good or service the government received.

A. are, are B. are, are not C. are not, are D. are not, are not

The costs of production include:

A. accounting costs. B. accounting costs and opportunity costs. C. the opportunity costs foregone by producing a given product. D. the costs that appear on the income statements.