Decreasing government spending and and an oil embargo will both have an effect towards increasing the price level.
Answer the following statement true (T) or false (F)
False
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Research by Fogel and Engerman shows that, holding other factors constant, output per unit of total input was highest for Southern farms with:
a. no slaves. b. 1 to 15 slaves. c. 16 to 50 slaves. d. 50 or more slaves.
Which of the following terms refers to a government payment to a domestic producer?
A. Value-Based Benefit B. Ad valorem tariff C. Subsidy D. Specific tariff E. Quota
Average consumer prices are included in the index of leading economic indicators.
Answer the following statement true (T) or false (F)
An open market sale by the Fed:
A. increases the money supply and increases output. B. increases the money supply and decreases output. C. decreases the money supply and increases output. D. decreases the money supply and decreases output.