In the classical model with an open economy, an increase in government purchases always causes complete crowding out
a. True
b. False
B
Economics
You might also like to view...
Discrimination based on age, race, gender, or family status very likely increases as a result of rent ceilings
Indicate whether the statement is true or false
Economics
A monopolistic industry will have a Herfindahl index value of:
a. 1. b. 100. c. 500. d. 1000. e. 10.
Economics
Marginal cost curves and average cost curves are both purely upward sloping
a. True b. False Indicate whether the statement is true or false
Economics
Nominal GDP is
a. also called real GDP. b. a more accurate measure than real GDP. c. real GDP adjusted for changes in the price level. d. GDP measured in current prices.
Economics