The policy ineffectiveness proposition (PIP) argument states that under certain circumstances, neither expansionary demand-side fiscal policy nor expansionary monetary policy is effective at achieving macroeconomic goals

Pointy Stone State Park is the sole employer of naturalists in the area. The table above provides information about the supply of naturalists and the value of marginal product of labor for naturalists

On the last naturalist hired, Pointy Stone State Park will earn a profit of A) zero. B) $100 per week. C) $150 per week. D) $200 per week.

The GDP deflator can be used to take inflation out of nominal GDP

a. True b. False Indicate whether the statement is true or false