Prosperity in the United States is evenly distributed across the 50 states.
Answer the following statement true (T) or false (F)
False
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Answer the following statement(s) true (T) or false (F)
1. Matters of equity are explicitly integrated into the decision rules that govern benefit-cost analysis. 2. The first U.S. president to explicitly include the efficiency criterion in the regulatory review process was President Clinton. 3. President Reagan was the only U.S. president to support the use of economic criteria in policy decision making. 4. According to the text application on the UK Climate Change Act, the Impact Assessment presented for this policy when proposed, gave benefit and cost estimates of the proposed regulation up to 2050.
When there is a recession (a fall in output) and prices are increasing, and this situation is caused by adverse supply shocks, the term economists use to describe it is
A) stagflation. B) inflation. C) aggregate shifts. D) stagnation.
As a general rule, a recession occurs when there is a six consecutive month fall in:
a. nominal GDP. b. real GDP. c. the price level. d. the trade balance.
Refer to the diagram, in which Q f is the full-employment output. If the economy's current aggregate demand curve is AD 0 , it would be appropriate for the government to:
A. reduce government expenditures and taxes by equal-size amounts.
B. reduce government expenditures or increase taxes.
C. increase government expenditures or reduce taxes.
D. reduce unemployment compensation benefits.