Indonesia experienced hyperinflation in the 1990s
a. True
b. False
Indicate whether the statement is true or false
False
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If there is a deliberate change in taxes and spending, it is called
A) a recessionary gap. B) an inflationary gap. C) discretionary fiscal policy. D) discretionary monetary policy.
For an individual's supply curve of labor to be upward sloping:
a. the substitution effect must be greater than the income effect. b. the substitution effect must be equal to the income effect. c. the substitution effect must be less than the income effect. d. is an impossibility.
Equilibrium is the point where total spending equals total output, or GDP
a. True b. False Indicate whether the statement is true or false
A college education is a(n)
A. investment in human capital. B. form of innovation. C. public good. D. mediated settlement.