Three possibilities are equally likely and have payoffs of $3, $6, and $9 . The expected value is:

Demand-pull inflation is most pronounced during a recession (as opposed to the recovery phase of the business cycle)

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

In 2010, the net national debt was about $9 trillion or approximately $29,000 per person

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