Between 1990 and 2000 . expenditures by the federal government on defense as a proportion of total federal spending increased
a. True
b. False
Indicate whether the statement is true or false
False
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If two goods are complements, their cross elasticity of demand will normally be
A. zero. B. a negative number. C. a positive number. D. infinity.
In the market for reserves, if the federal funds rate is between the discount rate and the interest rate paid on excess reserves, a decline in the reserve requirement ________ the demand of reserves, ________ the federal funds rate, everything else
held constant. A) decreases; lowering B) increases; lowering C) increases; raising D) decreases; raising
In the short run,
a. all of the firm's input quantities, including plant size, become adjustable. b. firms are not constrained by past decisions. c. firms have relatively little opportunity to change production processes. d. all of the firm's current commitments come to an end.
The 80/20 ratio of income has been rising over the last three decades.
Answer the following statement true (T) or false (F)