Dave's opportunity cost of producing 1 pound of corn is ______ pound(s) of green beans

In the long run, what effect does a government's deficit spending have on equilibrium real Gross Domestic Product (GDP)?

A) Equilibrium real Gross Domestic Product (GDP) will increase beyond the full-employment level and there will also be an inflationary effect. B) Higher government deficits will not raise equilibrium Gross Domestic Product (GDP) above the full-employment level. C) Deficit spending will decrease the nation's equilibrium real Gross Domestic Product (GDP). D) The government's deficit spending will increase equilibrium real Gross Domestic Product (GDP).

The current international monetary system is best described as a

a. fixed rate system. b. completely flexible rate system. c. gold standard. d. mercantilist system. e. managed floating rate system.