Central planning is an efficient method for making coordination decisions
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If spending is NOT responsive to changes in the interest rate, then
A) the Fed is "impotent." B) tax policy is "impotent." C) fiscal policy is "impotent." D) the Fed is "potent."
Economics
Average total cost and average variable cost are minimized at the same level of output.
Answer the following statement true (T) or false (F)
Economics
In Figure 6.1, which area represents an expansion? 
A. A B. C C. D D. E
Economics
The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
Economics