In the last 20 years, all of the countries in Africa have experienced positive economic growth
Indicate whether the statement is true or false
FALSE
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The government passes a law which doubles the wages of all workers. Aggregate supply will ________, and real GDP will ________, and the price level will ________
A) increase; remain the same; increase. B) remain the same; increase; increase. C) increase; increase; remain the same. D) decrease; increase; increase. E) decrease; decrease; increase.
An increase in the foreign price of the U.S. dollar is called:
a. depreciation of the U.S. dollar. b. appreciation of the U.S. dollar. c. appreciation of the foreign currency. d. readjustment of the U.S. dollar. e. readjustment of the foreign currency.
______ adjust(s) when supply and demand change.
a. Prices b. Taxes c. Government regulations d. Technology
This infrastructure spending is fiscal stimulus.
a. true b. false