Price decreases cause no change in a household's choice set.
Answer the following statement true (T) or false (F)
False
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TANF stands for _____
a. Temporary Aid to Needy Families b. Temporary Assistance to Needy Families c. Transitory Aid to Needy Families d. Transitory Assistance to Needy Families
When the aggregate demand curve shifts to the right, intersecting the aggregate supply curve on its upward-sloping or vertical segment,
a. demand-pull inflation occurs b. cost-push inflation occurs c. stagflation occurs d. deflation occurs e. the shift forces the price level to fall
The International Monetary Fund (IMF) is an international organization designed to
A. circulate a single currency worldwide. B. promote world economic growth via loans to developed nations. C. act as the world's central bank. D. promote world economic growth by means of greater financial stability.
In a market with positive externalities,
A) the efficient level of production is less than what competition will obtain. B) the efficient level of production is equal to what competition will obtain. C) the efficient level of production is more than what competition will obtain. D) there cannot be an efficient level of production.