In the long run, increased government spending is ineffective in raising equilibrium real GDP

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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"If the currency drain increases, the monetary base decreases." Explain whether the previous statement is correct or incorrect

What will be an ideal response?

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Suppose the government pursues expansionary fiscal policy by lowering taxes. What are the expected demand-side effects? What are the possible offsets to the demand-side effect? How might supply-side effects change these results?

What will be an ideal response?

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If several incumbents, supervisors and peers respond in similar ways to job analysis questionnaires, this suggests the results are _____.

A. reliable B. valid C. convergent D. acceptable

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