In principle, the government could increase the money supply or increase government expenditures to try to offset the effects of a wave of pessimism about the future of the economy
a. True
b. False
Indicate whether the statement is true or false
True
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To identify the burden of a per-unit tax on consumers, we have to use the aggregate marginal willingness to pay curve whenever the underlying good is not quasilinear.
Answer the following statement true (T) or false (F)
Pick the true statement below:
A) All scarce goods are normal goods. B) All scarce goods are inferior goods. C) A normal goods is a scarce good. D) An inferior good is a bad.
As the income of an individual increases, he can afford more leisure. This refers to the ________ of a wage increase
A) income effect B) substitution effect C) transformation effect D) opportunity cost effect
Big-push development projects normally require government funding because private sources are unwilling, and often unable, to support such large projects
Indicate whether the statement is true or false