Answer:
True
Explanation:
Welfare is the provision of social and economic support to individuals and families in society. The intention is to help mitigate their suffering. The governments run welfare programs using public funds.
Social welfare will involve the provision of assistance through programs such as healthcare, unemployment compensation, and food stamps. It also includes education assistance and disaster relief. Direct aid is in the form of food aid, provision of housing, and child well-fare support.
Economic welfare has finance aspects. It includes cash transfers to the elderly and people with severe disabilities. Tax relief and incentives are forms of economic welfare. In times of calamities, governments may give direct financial aid to victims.
Answer:
D. $100 of inventory that is sold today for $100 cash.
Explanation:
Liquidity of an asset measures how fast it is to convert an asset to cash.
$100 of inventory that is sold today for $100 cash immediately and it still retains its value . While the other assets are converted to cash with a lag; they aren't immediately converted to cash.
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The lesson of new classical economics for policymakers is that managing aggregate supply has an effect on real GDP only if change is unexpected.
Option a
<u>Explanation:</u>
Aggregate Supply curve defines the relationship between the output quantity and the price levels. If short-run curve shifts to the right, GDP increases and price level decreases and if it shifts to the left, GDP decreases and price level increases.
The reason is as follows,
Since the Aggregate Supply curve at full employment level of output is vertical, any changes in Aggregate Demand will only affect price and not real GDP. However, any unexpected changes in Aggregate Supply will influence real GDP.