The economic way of thinking will help you
A. make decisions in financing your home.
B. make better decisions concerning your education.
C. analyze solutions to economic problems.
D. all of these
Answer: D
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The data presented in the text shows that in the period from 1947-2013, real GDP in the United States has
A) decreased in every year since 1947. B) generally remained the same. C) decreased only in recent years. D) increased substantially.
__________ will change for a number of reasons, including movements in income, taxes, expectations about future income, and changes in wealth levels.
a. Supply b. Price levels c. Consumption d. Demand
If aggregate demand keeps shifting rightward month after month and aggregate supply remains constant, the economy will experience a recession
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of expansionary fiscal policy?
a. Decrease government spending. b. Increase government spending. c. Increase taxes and decrease government spending equally. d. Increase taxes.