In a self-regulating economy, wages will fall and prices will rise when there is an inflationary gap
Indicate whether the statement is true or false
False
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If tax revenues are $230 billion and the government's outlays are $235 billion, then the budget
A) surplus is $5 billion and government debt will increase by $5 billion. B) surplus is $230 billion and the budget deficit is $235 billion. C) deficit is $5 billion and government debt will remain the same. D) deficit is $5 billion and government debt will increase by $5 billion. E) deficit is $5 billion and government debt will decrease by $5 billion.
By vertically integrating, two firms can
A) increase market share. B) avoid holdup problems. C) limit the problems inherent in moving too quickly. D) avoid antitrust issues.
Using the aggregate demand and supply model, expansionary fiscal policy will not affect the price level, but will restore full-employment GDP
a. True b. False Indicate whether the statement is true or false
The demand for computers is derived from the demand for the capital resources that are used to produce computers.
Indicate whether the statement is true or false