The federal government has a Constitutional requirement to operate a balanced budget each fiscal year

Indicate whether the statement is true or false


FALSE

Economics

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When we try to measure real GDP and the price level, if we underestimate the growth in real GDP, we will

A) always underestimate the rate of inflation. B) sometimes underestimate the rate of inflation. C) always overestimate the rate of inflation. D) sometimes overestimate the rate of inflation.

Economics

During the era from 1880 to 1920, the U.S. economy experienced a rise in big business, an expansion in industry and increased concentration in both

Indicate whether the statement is true or false

Economics

Wendell just read an article that says scientists have proven that processed cheese food increases brain power. We would expect Wendell's demand for processed cheese food to:

A. increase and shift to the right. B. increase and shift to the left. C. decrease and shift to the right. D. decrease and shift to the left.

Economics

If the money rate of interest is 12 percent and the real rate of interest 7 percent, the inflationary premium is

a. 5 percent. b. 7 percent. c. 12 percent. d. 19 percent.

Economics