The relationship between the level of income and investment spending is known as the consumption function
Indicate whether the statement is true or false
FALSE
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Microeconomics and macroeconomics use different types of analysis
a. True b. False Indicate whether the statement is true or false
The enclosure movement in England in the 17th century represented an attempt to transform
a. a public good into a private good. b. a private good into a public good. c. a private good into a common resource. d. a common resource into a private good.
If a country is a net importer of a good, the price of that good will ________ when the economy goes from closed to open for trade.
A. increase B. stay the same C. decrease D. first increase then decrease
The burden of the debt is passed on to future generations when the debt is held by
A. U.S. corporations. B. U.S. households. C. State and local governments. D. Foreign households.