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 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

In-kind transfers include housing subsidies and food stamps.

Answer the following statement true (T) or false (F)

Economics