Contractionary fiscal policy can lead to a depreciation of the nation's currency
Indicate whether the statement is true or false
TRUE
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If average labor productivity decreases while population and the number of employed workers remain constant, then total output:
A. increases. B. decreases. C. may increase or decrease. D. remains constant.
If political unrest abroad substantially reduces the supply of copper to the United States, the price of copper will rise by a larger amount
A) the more elastic the demand for copper. B) the more inelastic the demand for copper. C) the more elastic the supply of copper. D) the more inelastic the supply of copper.
A macroeconomist, rather than a microeconomist, would study the effects on a market from two firms merging
a. True b. False Indicate whether the statement is true or false
When consumers maximize utility, they are equating the ratio of total utility to price across all goods consumed.
Answer the following statement true (T) or false (F)