Expansionary fiscal policy leads to higher domestic interest rates.
Answer the following statement true (T) or false (F)
True
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In the above figure, an increase in aggregate demand has resulted in
A) a decline in the price level. B) economic growth. C) an inflationary gap. D) a recessionary gap.
Double markup problems arise when
a. upstream firms have no market power b. downstream firms have market power c. upstream and downstream products are unrelated in demand d. upstream and downstream firm's pricing decisions tend to increase the demand for the other product
The fact that a single-price monopolist must lower its price to sell more output explains why price exceeds marginal revenue
a. True b. False
Which concept compares the share of total wealth in society that is received by different groups?
a. Income inequality b. Poverty line c. Poverty rate d. Financial distribution