Because the government has so much money, and can print more, it does not need to borrow and therefore rarely pays net interest on debt
Indicate whether the statement is true or false
FALSE
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During a(n) ________ the demand for money decreases because ________
A) recession; the price level rises B) recession; real GDP decreases C) equilibrium; real GDP decreases D) recession; nominal GDP increases E) expansion; real GDP decreases
The largest source of federal government revenue in 2014 was
A) individual income taxes. B) payroll taxes to fund Social Security and Medicare programs. C) sales taxes. D) corporate income taxes.
"A monopolist refers to any firm that is large in size." Do you agree or disagree? Why?
What will be an ideal response?
Ceteris paribus, which of the following will most likely cause an inward shift of the production possibilities curve?
A.) A decrease in the size of the labor force. B.) An increase in population. C.) An increase in knowledge. D.) An improvement in technology.