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Author Question: In the long-run, the price level in the economy will change the same direction as aggregate demand. ... (Read 157 times)

shofmannx20

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on: Jun 30, 2018
In the long-run, the price level in the economy will change the same direction as aggregate demand.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

When the government's spending is less than tax revenue, it implies that:
 a. the government budget is balanced.
  b. the government is running a deficit.
  c. there is a budget surplus.
  d. there is a higher chance of default by the government.
  e. the government needs to borrow from the central bank.


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cassie_ragen

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


shofmannx20

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Reply 2 on: Jun 30, 2018
Gracias!

skipfourms123

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Reply 3 on: Yesterday
:D TYSM

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