A downward-sloping line has a negative slope
a. True
b. False
Indicate whether the statement is true or false
True
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The Southern Colonies' exports went primarily to
a. the United Kingdom. b. continental Europe. c. the West Indies. d. Africa.
If the government undertakes expansionary fiscal policy, it:
A. could increase income taxes. B. expects aggregate demand to increase. C. expects aggregate demand to decrease. D. should force people to change their spending patterns.
Which of the following goods and services would be excluded from the CPI?
a. Legal services b. Used cars c. French wines sold in the U.S. d. Restaurant meals e. Shares of stock in U.S. corporations
Many cities in the United States use rent controls designed to make housing affordable for their citizens. a . Explain how rent controls can lead to the conversion of existing rental housing units to office space or parking lots. b. Explain how rent controls can lead to the deterioration of existing rental housing units