In 2005, Americans spend an average of more than $6,000 per person per year on health maintenance and care
Indicate whether the statement is true or false
T
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An increase in aggregate demand in the Classical model causes the price level to
A) rise but output remains constant. B) fall but output remains constant. C) rise but output to fall. D) fall but output to rise.
The reserve demand schedule is drawn on a graph that has the quantity of reserves on the horizontal axis and
A. the price level is on the vertical axis. B. the federal funds rate is on the vertical axis. C. the price of bonds is on the vertical axis. D. income is on the vertical axis.
Laissez faire is a policy that espouses central planning
a. True b. False Indicate whether the statement is true or false
Investment in both physical and human capital tends to enhance economic growth because it generally
What will be an ideal response?