Contractionary fiscal policy involving federal spending cuts or tax increases can help to reduce the upward pressure on the _____________ level by shifting aggregate demand to the left.
a. trade
b. production
c. price
d. employment
c. price
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If the dollar to euro exchange rate moves from 1.1 to 0.9 dollars per euro, then the dollar has ________ and the euro has ________
A) appreciated; depreciated B) appreciated; appreciated C) depreciated; depreciated D) depreciated; appreciated
Implementation of the National Industrial Recovery Act (1933) positively impacted overall industrial production
Indicate whether the statement is true or false
Most countries in the world have Gini coefficients ranging from:
A. 0.20 to 0.85. B. 0.25 to 0.60. C. 0.10 to 0.50. D. 0.30 to 0.40.
If public goods were marketed like private goods, then
A. Public goods would be efficiently produced. B. Society would be closer to achieving the optimal mix of output. C. People would avoid paying for these goods. D. Market failure would not occur.