If we eliminated our textile tariffs, the dislocated workers could easily switch to other jobs.
Answer the following statement true (T) or false (F)
False
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The fact that business cycles are recurrent but not periodic means that
A) business cycles occur at predictable intervals, but do not last a predetermined length of time. B) the business cycle's standard contraction—trough—expansion—peak pattern has been observed to occur over and over again, but not at predictable intervals. C) business cycles occur at predictable intervals, but do not all follow a standard contraction—trough—expansion—peak pattern. D) business cycles last a predetermined length of time, but do not all follow a standard contraction—trough—expansion—peak pattern.
If 
and 
are estimated values of regression coefficients associated with two explanatory variables in a regression equation, then the standard error (
) = standard error (
src="@@PLUGINFILE@@/ppg__cognero__Ch_04_Multiple_Regression_Analysis_Inference__media__b968cdbe-06b2-4a82-93bc-1eae58bc51d5.PNG" style="vertical-align: -9px;" height="30px" width="18px" />) - standard error (
).
Answer the following statement true (T) or false (F)
Which one of the following is an example of discretionary fiscal policy used to correct a recessionary gap?
A) a tax decrease passed into law by Congress B) an increase in the money supply by the Federal Reserve C) a decrease in government expenditures approved by Congress D) an agreement among major banks to raise interest rates
Which economic question does the decision to give all of the butter the economy produces to the homeless answer?
a. What to produce? b. How to produce? c. For whom to produce? d. Who has a comparative advantage in butter production? e. Who has an absolute advantage in butter production?