The accelerator principle relates the level of investment to changes in the level of national income
Indicate whether the statement is true or false
T
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Which of the following is true?
a. Inflation and unemployment rates can both increase in the short run in response to positive supply shocks. b. Inflation and unemployment rates can both decrease in the short run in response to reduced aggregate demand. c. Inflation and unemployment rates can both decrease in the short run in response to positive supply shocks. d. The short-run Phillips curve relationship appears to be relatively stable over time.
A tax raises the price received by sellers and lowers the price paid by buyers
a. True b. False Indicate whether the statement is true or false
Data indicate that the velocity of M1 is greater than the velocity of M2.
Answer the following statement true (T) or false (F)
What does the checkerboard model suggest the cause of segregation to be?
What will be an ideal response?