The short-run effects of government's financial rescue program and fiscal stimulus package helped the economy increase aggregate demand curing the Great Recession
a. True
b. False
Indicate whether the statement is true or false
True
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Explain the negative long-term effects that statistical discrimination in the labor market can have on the incentives to invest in education and skills
What will be an ideal response?
An increase in quantity demanded is caused by
A) an increase in income. B) a decrease in the price of the good. C) a decrease in the price of a complement. D) a change in expectations about price in the future.
Which of the following is a true statement?
a. International data leave few doubts that a nation's GDP per person is associated with its citizens' standard of living. b. Rich and poor countries often have vastly different standards of living, but similar levels of real GDP per person. c. The value of leisure time is included in the calculation of GDP per person. d. International data indicate that measures on the distribution of income are closely associated with GDP per person.
Pure economic rent is a payment to a resource that
A) has a high opportunity cost. B) has a perfectly inelastic supply. C) has a negative opportunity cost. D) has a perfectly elastic demand.