In absolute value, the tax multiplier is greater than the government purchases multiplier
Indicate whether the statement is true or false
FALSE
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What is the difference between statistical and taste-based discrimination? The owner of a company that manufactures automobile parts states that it will not hire gay or lesbian employees
Is this an example of statistical or taste-based discrimination?
Which of the following countries has had the fastest rate of economic growth since 1955?
A) United States B) United Kingdom C) Germany D) Japan
If an increase in the level of the money supply results in a proportionate increase in prices with no effect on any real variables, we say that
A) the Fisher relationship holds. B) money is neutral. C) money is superneutral. D) money is the most preferred store of value.
According to the new classical view, changes in aggregate demand
a. can temporarily influence output b. affect only the aggregate price level. c. can influence output but at the cost of higher inflation. d. are primarily driven by changes in investment. e. Both a and c