An increase in government spending increases the supply of money in our economy
Indicate whether the statement is true or false
FALSE
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Economists note that over most periods, the inflation level in prices is roughly similar to the inflation level in wages, and so they reason that on average, over time, people's economic status is not greatly changed by inflation
a. True b. False Indicate whether the statement is true or false
Assume there are nine voters in a certain small town and let x = the preferred number of dollars spent per person per month on garbage collection. For Voters 1, 2 3, and 4, x = $10; for Voter 5, x = $15; for Voter , x = $18; and for Voters 6, 7, 8 and 9, x = $20 . The median voter is
a. Voter 3. b. Voter 4. c. Voter 5. d. Voter 6.
The inflation-adjusted value of all goods and services produced is
A. GDP per capita. B. Nominal GDP. C. The GDP deflator. D. Real GDP.
When a currency depreciates relative to other currencies as a result of government action, it has been __________.
Fill in the blank(s) with the appropriate word(s).