The total debt includes amounts one government agency owes to another
a. True
b. False
A
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In long-run full-employment equilibrium, the CPI equals AD equals SRAS equals LRAS
a. True b. False Indicate whether the statement is true or false
Congress relies on economists at the Congressional Budget Office to
a. enforce the nation's antitrust laws. b. set the nation's monetary policy. c. provide evidence that incumbent members of Congress are performing well in their jobs. d. provide independent evaluations of policy proposals.
If an economy can produce a maximum of 10 units of good X and the opportunity cost of 1X is always 2Y, then what is the maximum units of good Y the economy can produce?
A) 5 B) 200 C) 20 D) 500 E) none of the above
A bumper crop would be bad news for farmers if their crop has an inelastic demand because their total revenue would:
A. rise along with price. B. rise as price falls. C. fall as price rises. D. fall along with price.