A recession is usually associated with high inflation.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Jen spends her afternoon at the beach, paying $1 to rent a beach umbrella and $11 for food and drinks rather than spending an equal amount of money to go to a movie. Her opportunity cost of going to the beach is:
A. the value she places on seeing the movie. B. the value she places on seeing the movie plus the $12 she spent on the umbrella, food and drinks. C. the $12 she spent on the umbrella, food and drinks. D. only $0 because she would have spent $12 to go to the movie.
If the government wishes to maximize its tax revenue, it should
A) recognize that too high of a tax rate can decrease the tax base. B) engage in static tax analysis. C) recognize that an increase in the tax rate will lead to an increase in tax revenues. D) use only flat taxes.
The term "human capital" refers to how many people must work to produce a product
a. True b. False Indicate whether the statement is true or false
Which of the following parts of Social Security was not part of the original program?
A. Benefits to widows B. Benefits to orphans C. Medicare D. Retirement benefits