At the beginning of the Vietnam War, increased military spending in the United States decreased unemployment.
Answer the following statement true (T) or false (F)
True
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Refer to Figure 2. All else equal, a major paper manufacturer filing for bankruptcy and shutting down as a result of an IRS tax evasion investigation would cause a move from
a. x to y. b. y to x. c. SA to SB. d. SB to SA
Appendix: Revenue equivalence theorem refers to equal seller revenue in which of the following pairs:
a. sealed bid auctions and English auctions b. second highest wins and pays auctions and Dutch auctions c. English highest wins and pays auctions and sealed bid Dutch auctions d. highest wins and pays auctions and second highest wins and pay auctions
The simultaneous occurrence of inflation and unemployment is called
a. depression b. downturn c. deflation d. demand-pull inflation e. stagflation
Under a target price system, the government can adjust the deficiency payment paid to a farmer by deciding to pay some percentage of the difference between the target price and the market price.Indicate whether the statement is true or false