This topic contains a solution. Click here to go to the answer

Author Question: In the long-run, the price level in the economy will change the same direction as aggregate demand. ... (Read 140 times)

shofmannx20

  • Hero Member
  • *****
  • Posts: 562
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cassie_ragen

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

True

Answer to Question 2

c




shofmannx20

  • Member
  • Posts: 562
Reply 2 on: Jun 30, 2018
:D TYSM


cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

For a complete list of videos, visit our video library