Government spending is projected to rise over the next few decades. Three of the most important reasons are spending on Social Security, Medicare, and healthcare
a. True
b. False
Indicate whether the statement is true or false
True
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The demand for the services of labor ________ a derived demand and the demand for the services of land ________ a derived demand
A) is; is B) is; is not C) is not; is D) is not; is not
Why might incomes of $1 a day and $2 a day underestimate the value of the goods and services that these households actually consume?
What will be an ideal response?
Which of the following could not be expected to shift the aggregate demand curve?
a. Net exports fall. b. Consumption spending decreases. c. An increase in government spending. d. A change in real GDP.
A wealthy English executive decides to buy a large amount of U.S. financial assets. This would contribute to
a. a deficit in the U.S. capital account. b. a surplus in the U.S. current account. c. a surplus in the U.S. capital account. d. a deficit in the total balance of payments.