The achievement of greater efficiency in the United States has been at the expense of growing inequality
a. True
b. False
Indicate whether the statement is true or false
True
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Monetizing the deficit contributes to the inflationary pressures that are already present in the economy.
Answer the following statement true (T) or false (F)
If a firm experiences economies of scope, per unit production costs fall as it produces more and more of its product
a. True b. False
In the open market economy, contractionary fiscal policy would ______the demand for money and interest rates would_______ and the dollar________ and net exports_______
a. increase; rise; appreciates; decrease. b. increase; fall; depreciates; decrease. c. decrease; fall; depreciates; increase. d. decrease; fall; appreciates; increase.
Suppose one observes that when the price of peanut butter increases, the demand for jelly increases. One should conclude that:
A. peanut butter and jelly are substitutes. B. peanut butter and jelly are complements. C. peanut butter and jelly are normal goods. D. peanut butter and jelly are inferior goods.