An attempt to use government spending to boost the economy may bring
A. deflation.
B. anarchy.
C. inflation.
D. fiscal instability.
Answer: C
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Explain the study of economics
What will be an ideal response?
We cannot predict the effect on the market clearing price, but know that the equilibrium quantity will decrease when
A) supply increases and demand decreases B) supply decreases and demand increases. C) supply and demand for a product simultaneously decrease. D) supply and demand for a product simultaneously increase.
The future of the U.S as leader of the economic world:
a. is likely to continue for generations to come b. will be sustained in the next generation, but not beyond c. requires U.S. action in several critical economic areas d. requires a return of manufacturing to the U.S.
Karl Marx
A. believed that the state would eventually "wither away." B. Believed that the factory owner, by paying his workers meager wages, was able to use this surplus to buy more capital goods. C. Said whoever controlled a society's capital controlled that society. D. All of the statements about Karl Marx are true.