Which of the following are not included in GDP?
a. Transfer payments
b. Imports
c. Intermediate goods.
d. All of the above are excluded from GDP.
d
Economics
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Can a Keynesian still believe in an active counter-cyclical policy if she adopts the assumption of rational expectations?
A) No, it destroys the case for active policy. B) Yes, so long as she continues to assume wage and price rigidity. C) Yes, if she also adopts the assumption of wage and price flexibility. D) Yes, if she assumes that economic policy shifts are anticipated in advance.
Economics
What is viewed in the private sector as competition in the public sector is treated as _____
a. duplication b. destruction c. fighting d. economic warfare
Economics