1. Business cycles are always symmetric and the length of an expansion is the same as the length of a contraction. * Tru

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1 Business Cycles Are Always Symmetric And The Length Of An Expansion Is The Same As The Length Of A Contraction Tru 1 (51.6 KiB) Viewed 27 times

1. Business cycles are always symmetric and the length of an expansion is the same as the length of a contraction. * True False 2. The salary paid to a member of the armed forces is an example of a transfer payment * True O False 3. The value of a 2005 boat you purchase from a boat dealer in 2007 would be counted in 2007's GDP. True O False 4. The Real Gross domestic product is adjusted for inflation and it is used to calculate the macro-indicator "GDP deflator". * True O False 5. Shifts in the AS curve are caused by: changes in inflationary expectations, and supply shocks (whether beneficial or harmful) such as changes the price of a key input, or changes in productivity. * True O False