Physical destruction of property during the Civil War (1861–1865) occurred on a wide scale in both the North and the South
Indicate whether the statement is true or false
False
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The components of aggregate expenditure are consumption expenditure,
A) investment, government expenditure on goods and services, and net exports. B) investment, government expenditure on goods and services, and net taxes. C) interest, government expenditure on goods and services, and net exports. D) investment, government expenditure on goods and services, and net income. E) interest, gross spending, and net spending.
An optimizing consumer makes her purchase decisions based on:
A) the total benefits at various levels of consumption. B) benefits per dollar spent at the margin. C) the total benefits per dollar spent at various levels of consumption. D) the benefits from the first dollar spent on consumption.
A progressive tax system is one in which the tax rate actually increases as income rises
a. True b. False Indicate whether the statement is true or false
A common response to stop a depreciation of a currency is to use contractionary monetary policy, which could lead to a recession
Indicate whether the statement is true or false