How well fiscal policy works depends on how much the velocity of money can be changed by government tax and spending decisions.
Answer the following statement true (T) or false (F)
True
Fiscal policy will ultimately change only the government and private sector's share of spending unless the velocity of money changes.
Economics
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Which of the following might shift an individual's supply curve of labor to the left?
a. winning the lottery b. a decrease in non-wage income c. due to falling sales, businesses are less willing to hire additional workers d. a decrease in derived demand
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Residential construction is generally included in which category of GDP?
a. consumption b. investment c. government expenditures d. net exports
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