Debt grew faster than GDP during and after the recent Great Recession, when the government had to spend more (as for unemployment benefits), while its tax revenue shrank
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
Perfect competitors produce goods that are
a. highly differentiated b. differentiated by firm c. poor substitutes for each other d. identical e. unique
Economics
Lines at gas pumps were caused by _____________ in the 1970's.
A. price floors B. price ceilings C. market equilibrium D. increased demand
Economics
A movement along the demand curve might be caused by a change in
a. income. b. the prices of substitutes or complements. c. expectations about future prices. d. the price of the good or service that is being demanded.
Economics
At the time of the Civil War the most important crop in the South was _________.
Fill in the blank(s) with the appropriate word(s).
Economics