Engel's Law asserts that consumer expenditures on daily food in the aggregate decline as incomes rise. This explains the decreased demand for daily foods and the increased U.S. demand for exotic foods.
Indicate whether the statement is true or false
Question 2
The American Recovery and Reinvestment Act of 2009 provided ________.
A) tax cuts of 288 million and a government spending increase of 499 million
B) tax cuts of 288 million and a government spending increase of 499 billion
C) tax cuts of 288 billion and a government spending increase of 499 billion
D) tax cuts of 288 trillion and a government spending increase of 499 trillion
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