Contractionary fiscal policy actions will ________ the price of farm commodities
Fill in the blank(s) with correct word
Decrease
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Refer to Table 27-2. Consider the hypothetical information in the table above for potential real GDP, real GDP, and the price level in 2016 and in 2017 if Congress and the president do not use fiscal policy
If Congress and the president want to keep real GDP at its potential level in 2017, they should A) decrease the discount rate. B) decrease government purchases. C) conduct expansionary fiscal policy. D) buy Treasury securities.
Technical superiority can be a source of entry barriers
a. True b. False Indicate whether the statement is true or false
Classical economics refers to an era in the history of economic thought that stretched from the late 1600s to the mid-1800s
Indicate whether the statement is true or false
Current calculations make it clear that for the vast majority of young workers, the rate of return on Social Security taxes and benefits will be
A. roughly equal to what would have been generated in private stock-market investments. B. greater than what would have been generated in private stock-market investments. C. lower than what would have been generated in private stock-market investments. D. taxed more heavily than what would have been generated in private stock-market investments.