Corruption
A) can create certainty
B) is only a problem found in democratic societies
C) is a problem of not enough government
D) none of these choices
A
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Which of the following is an example of a normative question?
A) What fraction of an income tax cut will be spent on imported goods? B) How will an increase in the inheritance tax affect tax revenues? C) How will an increase in unemployment benefits affect the unemployment rate? D) Should Florida implement a state income tax to reduce its deficit?
Variable costs increase when output rises.
Answer the following statement true (T) or false (F)
Keynesians believe that the two basic cures for a recession are _____ and _____.
Fill in the blank(s) with the appropriate word(s).
If a currency rapidly depreciates, what are the possible negative results to the economy of using contractionary monetary policy to address the depreciation?
What will be an ideal response?