Nearly $2 trillion was added to the national debt between 1983 and 1992.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Product differentiation is a defining characteristic of
A) perfectly elastic demand. B) oligopoly. C) perfect competition. D) monopolistic competition.
In the standard consumption function of C = a + bY, the MPC is
A) Y. B) bY. C) a. D) b.
In the United States, each bank panic in the late nineteenth and early twentieth centuries was accompanied by
A) inflation. B) deflation. C) a depression. D) a recession.
Which of the following statements is FALSE?
A) Saving helps create economic growth. B) Economic freedom requires property rights. C) Free international trade helps create economic growth. D) Improvements in quality of education are important for economic growth. E) Faster population growth is the key to growth in real GDP per person.