As long as technology increases, economic growth is free
Indicate whether the statement is true or false
FALSE
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When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline
Which of the following is a primary use for national income accounts?
A. To measure changes in the value of production and income in the economy B. To assess the economic efficiency of specific industries in the economy C. To determine whether there is a fair and equitable distribution of income in the economy D. To analyze the environmental cost of economic growth
The view of poverty embraced does not have a direct bearing on what public policies ought to be pursued
Indicate whether the statement is true or false
U.S. citizens migrating to Illinois in the first half of the 19th century would most likely have come from:
a. Massachusetts and New Jersey. b. California and Oregon. c. North and South Carolina. d. Up the Mississippi River from Louisiana and Mississippi.