Generally, economists agree that the economic outlook for the U.S. is seriously challenged
a. True
b. False
Indicate whether the statement is true or false
False
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Canada is classified by the International Monetary Fund as
A) an advanced economy. B) a developing economy. C) a transition economy. D) an emerging market economy. E) a natural-resource based economy.
For each pair of goods, explain which is more elastic: toothpicks vs. cars; electricity vs. yachts; IBM computers vs. Apple computers.
What will be an ideal response?
Expansionary fiscal policy actions include __________ government spending and/or __________ taxes, while contractionary fiscal policy actions include __________ government spending and/or __________ taxes
A) increasing; increasing; decreasing; decreasing B) decreasing; decreasing; increasing; increasing C) increasing; decreasing; increasing; decreasing D) decreasing; increasing; increasing; decreasing E) increasing; decreasing; decreasing; increasing
Fixed weight indexes can not account for new goods.
Answer the following statement true (T) or false (F)