Unexpected and large deflation is desirable, according to the Friedman rule
a. True
b. False
Indicate whether the statement is true or false
False
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The so-called "Four Tigers" do NOT include
A) Japan. B) Hong Kong. C) Taiwan. D) Singapore.
The Lorenz curve is best used to measure international competitiveness
a. True b. False Indicate whether the statement is true or false
To close a $100 recessionary gap, with MPC = 0.5, the government can
a. increase its spending by $100 b. decrease its spending by $100 c. increase its spending by $200 d. increase its spending by $200 e. decrease its spending by $50
Two goods are said to be complements when a fall in the price of one good:
A) leads to a fall in price of the other good. B) doesn't affect the demand for the other good. C) leads to a left shift in the demand for the other good. D) leads to a right shift in the demand for the other good.