GDP accounts systematically ignore
A) non-market production.
B) illegal and underground production.
C) barter trades.
D) the market value of services provided by illegal aliens.
E) all of the above.
E
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In 2008, Germany passed a stimulus package of $29 billion as its economy slowed. This policy action follows the ________ to restore full employment
A) Keynesian viewpoint that supports increases in federal government expenditure B) Keynesian viewpoint that supports increases in the money supply C) monetarist viewpoint that supports increases in expenditure by the federal government D) new classical viewpoint that discourages the use of expenditure by the federal government
The function which shows combinations of inputs that yield the same output is called a(n)
A) isoquant curve. B) isocost curve. C) production function. D) production possibilities frontier.