The combined effect of changes in government purchases and net taxes can be determined by adding their individual effects
a. True
b. False
Indicate whether the statement is true or false
True
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A drop in output demand accompanied by a simultaneous drop in output supply will cause the output price to fall.
Answer the following statement true (T) or false (F)
Less-developed countries are experiencing rapid population growth because birthrates are on the rise and mortality rates are falling
a. True b. False Indicate whether the statement is true or false
People usually migrate within their own country more readily than they emigrate abroad.
Answer the following statement true (T) or false (F)
The appropriate “medicine” for correcting payments imbalances under a fixed exchange rate system is
A. inflation for deficit countries and recessions for surplus countries. B. no change for surplus countries and tax cuts for deficit countries. C. inflation for surplus countries and recessions for deficit countries. D. sales of gold for deficit countries and revaluations for surplus countries.