Debt can create inflation
Indicate whether the statement is true or false
T
Economics
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The price elasticity of demand for electricity is -0.40. By how much must the price of the electricity decrease in order for sales to rise by 12%?
a. 3%. b. 4.8%. c. 12.4%. d. 30%.
Economics
The level of an economic activity should be increased to the point where the ____ is zero
a. Marginal cost b. Marginal benefit c. Net marginal cost d. Net marginal benefit
Economics
In-kind transfers include housing subsidies and food stamps.
Answer the following statement true (T) or false (F)
Economics
In the Keynesian model, government spending is considered
A. a negative function of real GDP. B. to be a negative function of the real interest rate. C. to be autonomous. D. a positive function of real GDP.
Economics