The reason food prices rose so little in 1916–19 was the extraordinary increase in output from the nation's farms
Indicate whether the statement is true or false
False
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Recall the Application. The rise in commodity prices corresponded with ________ in interest rates, and this change in interest rates would result in bond prices ________
A) a decrease; falling B) an increase; falling C) an increase; rising D) a decrease; rising
What is meant by the term "long-run competitive equilibrium?
What will be an ideal response?
Lump sum transfers ________ because they _______.
A. compromise efficiency; distort choices B. don't compromise efficiency; distort choices C. compromise efficiency; don't distort choices D. don't compromise efficiency; don't distort choices
The equilibrium level of GDP is the level at which
a. aggregate demand exceeds output. b. aggregate demand equals output. c. aggregate demand is less than output. d. inventories are being depleted to meet demand.