The dominant school of economic thought until midway through the Great Depression of the 1930s was:

Fixed exchange rates allow countries to formulate their economic policies independent of other nations

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

Government outlays

a. are the same as "G" in the short-run macro model. b. do not include transfer payments. c. are always smaller than government purchases. d. are always greater than government purchases. e. tend to decline in the long run.