Deficit rises in a recession and falls in a boom, even with no change in fiscal policy.
Answer the following statement true (T) or false (F)
True
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If the demand for letters written by Abraham Lincoln is higher than the demand for letters written by John Wilkes Booth, what would have to be true for the market equilibrium prices for these letters to be equal?
A) The supply of Lincoln letters would have to be less than the supply of Booth letters. B) The supply of Lincoln letters and the supply of Booth letters would have to be equal. C) If the demand for Lincoln letters is greater than the demand for Booth letters, the market equilibrium price for Lincoln letters will always be greater than the market equilibrium price for Booth letters. D) The supply of Booth letters would have to be less than the supply of Lincoln letters.
The question of whether economic growth is desirable is a positive question, easily settled by economic analysis
Indicate whether the statement is true or false
As a student, one of the costs of sleeping in rather than going to class is likely to be a lower grade in the class
a. True b. False Indicate whether the statement is true or false
Cost-push inflation is due to:
a. raw material cost increases. b. energy cost increases. c. All of the answers are correct. d. labor cost increases.