If the economy is in a recession,
A. The economy suffers from structural unemployment, which can be alleviated by debt refinancing.
B. Larger deficits will decrease the national debt.
C. It is operating inside the production possibilities curve, and the opportunity cost of deficit spending is zero.
D. Deficit spending will not increase the size of the debt because interest rates will be falling.
Answer: C
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Refer to Table 1-3. What is Ivan's marginal benefit if he decides to stay open for six hours instead of five hours?
A) $10 B) $20 C) $30 D) $91.67
_____ is the theory that was popular before _____ changed the face of economics post Great Depression in the 1930s
a. Classical economics; Milton Friedman b. Keynesian economics; Monetarists c. Classical economics; Keynes d. Monetarist economics; Adam Smith e. Keynesian economics; Milton Friedman
The investment demand curve is drawn with the amount of investment on the:
A. Vertical axis and disposable income on the horizontal axis
B. Horizontal axis and disposable income on the vertical axis
C. Horizontal axis and the expected rate of return and interest rate on the vertical axis
D. Vertical axis and the expected rate of return and interest rate on the horizontal axis
How are the domestic sellers and buyers of a good affected if a country starts importing the good?
What will be an ideal response?