For a cost-push inflation to occur, oil price increases must be accompanied by
What will be an ideal response?
increases in the quantity of money.
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The scope of the EITC program changed dramatically in
A. 1963. B. 1983. C. 1993. D. 1996.
Debits (negatives) in the current account of the balance of payments accounts include
a. imports of goods. b. exports of services. c. transfers received from other countries. d. purchases of U.S. government bonds by foreigners. e. all of the above.
During periods of deflation, the real interest rate will be lower than the nominal interest rate
a. True b. False Indicate whether the statement is true or false
Last year, total income increased $1,000 and consumption increased $800 . An increase in government spending equal to $10 would cause output to increase by $_____ because the multiplier is ______
Fill in the blank(s) with correct word