The fallacy of composition is the error of believing a cause-effect relationship exists between two events that are associated in time
a. True
b. False
B
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Economists refer to the "typical" rate of unemployment as the natural rate of unemployment
a. True b. False Indicate whether the statement is true or false
Shortages occur when
a. many people are unemployed. b. interest rates go up. c. people have trouble supplying the goods and services at current prices. d. the United States imports more than it exports.
Discuss the consensus on the adjustment process after the crisis
What will be an ideal response?
The American Recovery and Reinvestment Act of 2009 included mostly:
A. Increases in taxes and in government spending B. Decreases in taxes and in government spending C. Increases in government spending and decreases in taxes D. Decreases in government spending and increases in taxes