Deficit spending will not cause much inflation if the economy is operating near full employment

a. True
b. False
Indicate whether the statement is true or false


False

Economics

You might also like to view...

In the long run, a perfectly competitive firm maximizes profit so P = MC = AC.

Answer the following statement true (T) or false (F)

Economics

Gordon notes that the average growth rate of labor productivity between 1996 and 2004 was ________ percent, and the average reached ________ percent in 2003-04

A) 3; 3.5 B) 2; 205 C) 1.7; 3.2 D) 2; 1.5

Economics

Assuming purchasing-power parity holds and that over a period of five years the dollar had appreciated relative to the currency of Country X, what would explain the appreciation of the dollar?

Economics

The concept of opportunity cost describes:

(a) The lost benefits that result from a decision taken by a consumer; (b) The lost benefits of the next best alternative to the decision taken; (c) The cost in interest to acquire the funds needed to make a decision; (d) None of the above.

Economics