Unexpected and large deflation is desirable, according to the Friedman rule
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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During a recession, tax revenues ________ while government transfer payments ________, thereby mitigating part of the adverse effects of a recession and stabilizing the economy
A) fall; decrease B) fall; increase C) rise; decrease D) rise; increase
Economics
The Smoot-Hawley Act was enacted in
A) 1980. B) 2000. C) 1930. D) 2010.
Economics