The salaries paid to government employees are an example of a government input.
Answer the following statement true (T) or false (F)
False
Salaries paid to government employees would be considered government output.
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When the government enacts policies that lead to lower mortgage lending standards and lower interest rates, their actions can indirectly lead to higher home prices
Indicate whether the statement is true or false
Suppose businesses in general believe that the economy is likely to head into recession and so they reduce capital purchases. Their reaction would initially shift
a. aggregate demand right. b. aggregate demand left. c. aggregate supply right. d. aggregate supply left.
Economists use the term "marginal utility" to describe the
A) total satisfaction received from consumption of a good. B) change in total satisfaction caused by consumption of an additional unit of a good. C) price paid for every unit consumed. D) average utility of each unit of a good consumed. E) inverse of the measure of total utility.
The bottom or low point of a recession just before an expansion begins is called...
What will be an ideal response?