The existence of antitrust law is one reasons economists assume that most strategic behavior in the marketplace is noncooperative
a. True
b. False
Indicate whether the statement is true or false
True
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During World War I (1914–18), national debt soared, leading to
(a) money creation and inflation. (b) money creation and deflation. (c) money destruction and inflation. (d) money destruction and deflation.
As the U.S. price level decreases, expenditures by which of the following will remain unaffected?
A. Consumers B. Businesses C. The rest of the world D. Government
For interest rates to remain stable during economic contractions, the money supply would have to grow at the same rate as the demand for money
Indicate whether the statement is true or false
Federal taxes have which of the following effects on the economy?
A. If taxes are decreased, businesses will invest the difference back into the economy. B. If taxes are increased, the economy expands due to a balanced budget. C. There is no definitive agreement on the effect. D. Lower federal taxes will cause budget surpluses.