Proponents and opponents of balanced-budget policies agree that the government debt cannot continue to increase forever
a. True
b. False
Indicate whether the statement is true or false
False
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The United Mine Workers and the United Auto Workers are examples of ________ unions.
Fill in the blank(s) with the appropriate word(s).
An increase in the price a firm receives for its output will lead the firm to:
A. expand output. B. reduce output. C. leave output unchanged and earn smaller losses. D. leave output unchanged and earn greater profits.
Only final goods and services count in calculating the GDP.
Answer the following statement true (T) or false (F)
A nations capital stock was valued at $500 billion at the start of the year and $575 billion at the end. Consumption of private fixed capital in the year was $35 billion. Assuming stable prices, net investment was:
A. $35 billion B. $40 billion C. $45 billion D. $75 billion