Supply-side tax cuts are likely to widen income inequalities.
Answer the following statement true (T) or false (F)
True
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What does the term "commitment" refer to in game theory?
What will be an ideal response?
If additional units of a good could be produced at a constant opportunity cost, the production possibilities frontier would be linear
Indicate whether the statement is true or false
The term "stagflation" refers to an economy with the simultaneous problems of
(a) rising inflation rates and falling unemployment rates. (b) rising deflation and unemployment rates. (c) rising inflation and unemployment rates. (d) falling deflation and unemployment rates.
A government budget surplus from reduced government spending (no change in net taxes) will ________ the level of investment in the economy and ________ the level of total saving (private plus public) in the economy
A) increase; decrease B) increase; increase C) decrease; increase D) decrease; decrease