The U.S. has free trade agreements only with Mexico and Canada
Indicate whether the statement is true or false
FALSE
Economics
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Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
Economics
If the MPC = 0.75, the government spending multiplier would be
A) 0.25. B) -7.5. C) 4. D) 25.
Economics
Governments can reduce depletion of resources by restricting access to the resource
Indicate whether the statement is true or false
Economics
What does it mean to say economics is an empirical science, and how is this related to the question of deciding on the usefulness of a model?
What will be an ideal response?
Economics