GDP stagnated during the Obama presidency.
Answer the following statement true (T) or false (F)
True
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In the United States since 1960, the price of health care services has increased but the price of health insurance has decreased
Indicate whether the statement is true or false
A decrease in the price of a good or service
a. causes the budget line to rotate inward b. causes a parallel outward shift of the budget line c. means that less of the good can be purchased with a given income d. causes the budget line to rotate outward e. causes a parallel inward shift of the budget line
When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline
In a typical college town, when students go home for the summer, the dem nd for many items such as pizza and In a typical college town, when students go home for the summer, the demand for many items such as pizza and
a. decreases, which is a shift to the left of the demand curves for these goods. b. decreases, which is a shift to the right of the demand curves for these goods. c. increases, which is a shift to the left of the demand curves for these goods. d. increases, which is a shift to the right of the demand curves for these goods.