Reparations for slavery in the United States would
A) be consistent with the Pareto principle.
B) be inconsistent with the Pareto principle.
C) have nothing to do with the Pareto principle.
D) be unconstitutional.
B
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Coffee and cream:
A) are both luxury goods. B) are complements. C) are both more inelastic in demand in the long run than in the short run. D) have a positive cross price elasticity of demand.
An increase in the money supply will shift the aggregate demand curve to the left, resulting in a lower equilibrium price level and a lower equilibrium real GDP.
a. true b. false
If U.S. net exports are positive, then U.S.:
A. imports must exceed U.S. exports. B. GDP exceeds the sum of consumption, investment, and government purchases. C. GDP equals the sum of consumption, investment, and government purchases. D. GDP is less than the sum of consumption, investment, and government purchases.
Market failures may be corrected through government intervention.
Answer the following statement true (T) or false (F)