The majority of the federal government debt is held by government agencies
Indicate whether the statement is true or false
TRUE
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The concept of price elasticity of demand measures the
A. number of buyers in a market. B. slope of the demand curve. C. extent to which the demand curve shifts as the result of a price decline. D. sensitivity of consumer purchases to price changes.
Which of the following was produced by a combination of automatic stabilizers and discretionary fiscal policy?
a. the Great Depression b. the Great Recession c. the large budget deficit of 2009 d. the budget surplus in the 1990s
When faced with all available alternatives, the consumer will select the one that is ranked the highest. This principle is called:
A. the choice principle. B. the ranking principle. C. the consumption principle. D. the more-is-better principle.
Perry accumulated a lot of mathematical skills while in high school, college, and graduate school. Economists include these skills as part of Perry's
a. proprietary knowledge. b. technological knowledge. c. human capital. d. physical capital.