Deliberately cutting taxes or increasing expenditures to fight an economic downturn is called ________

Inflation is the hardest on those living on fixed incomes

a. True b. False Indicate whether the statement is true or false

Refer to the given data. If Alpha and Omega each was producing at alternative B before trade, the gain from specialization and trade would be:

A.  30 tons of wheat.
B.  15 tons of steel.
C.  30 tons of steel and 30 tons of wheat.
D.  60 tons of wheat and 60 tons of steel.