During the post-bellum period, growth in demand outpaced growth in supply, causing food prices to fall
Indicate whether the statement is true or false
False
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A bank can actually create money by
a. lending its required reserves. b. ordering newly printed money from the Fed. c. lending its excess reserves. d. None of these.
Which word comes from the Greek world for "one who manages a household"?
a) market b) consumer c) producer d) economy
When the government levies a $100 million tax on people's income and puts the $100 million back into the economy in the form of a spending program, such as new interstate highway construction, the:
A. tax, then, generates a $100 million decline in real GDP. B. level of real GDP expands by $100 million. C. effect on real GDP is uncertain. D. tax multiplier overpowers the income multiplier, triggering a rollback in real GDP.
Which of the following if true would suggest that an expansionary gap exists in an economy?
What will be an ideal response?