Greater economic efficiency often leads to greater economic inequality.
Answer the following statement true (T) or false (F)
True
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Open market operations involve the purchase and sale of:
A) utility bonds B) corporate bonds C) municipal bonds D) government bonds
Decreasing government spending ________ the price level and ________ equilibrium real GDP
A) increases; increases B) decreases; increases C) increases; decreases D) decreases; decreases
The low point in the business cycle is referred to as the
A) expansion. B) boom. C) trough. D) peak.
Tax increases
a. and increases in government expenditures shift aggregate demand right. b. and increases in government expenditures shift aggregate demand left. c. shift aggregate demand right while increases in government expenditures shift aggregate demand left. d. shift aggregate demand left while increases in government expenditures shift aggregate demand right.