Budget deficits are even more inflationary if they are monetized.
Answer the following statement true (T) or false (F)
True
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Refer to Table 2-4. Assume Dina's Diner only produces sliders and hot wings. A combination of 40 sliders and 25 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
The poverty rate in the United States has __________ over the last 30 years.
A. remained the same B. increased C. decreased D. not been accurately measured
Some goods have become less expensive due to
A. GDP growth. B. government regulation. C. government deregulation. D. globalization and technology.
Which of the following products has the least elastic demand?
A. Coca Cola in 12 oz. cans B. all cola drinks C. all carbonated beverages D. all beverages