Approaches to measuring GDP include all of the following except the

A) cost approach.
B) product approach.
C) income approach.
D) expenditure approach.


A

Economics

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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as

A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward

Economics

In what ways do economists and policymakers who believe that the federal government should have a larger role in the health care system criticize the Patient Protection and Affordable Care Act (ACA)?

What will be an ideal response?

Economics

What shape does a production possibilities frontier take if it displays increasing opportunity costs? What shape does a production possibilities frontier take if it displays constant opportunity costs? Which shape is most common in production

situations?

Economics

The central institution through which a laissez-faire system answers the basic economic questions is the

A. tribal council. B. market. C. government. D. central planning body.

Economics