Keynesian economists link the start of the Great Depression to the drop in construction spending and the downturn in consumption following the stock market crashes of 1929

Indicate whether the statement is true or false


True

Economics

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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 

A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A

Economics

In 1860 four-fifths of the farms with over 500 acres were in the

A. North. B. East. C. South. D. West.

Economics

If a country has an absolute advantage in the production of an item, it must also have a comparative advantage in the production of that item.

Answer the following statement true (T) or false (F)

Economics

In a map showing three indifference curves a consumer is most well off on

A. the curve which is most farther away from the coordinate axes. B. the curve which is closest to the origin of the coordinate axes. C. the curve that is in the middle. D. none of these.

Economics