Using the information in situation 20-2, if government increases their spending by $50 and increases net taxes by 50, then equilibrium aggregate output will change by

Contractionary monetary policy and expansionary fiscal policy both reduce net exports in an open economy

Indicate whether the statement is true or false

According to official U.S. statistics, the U.S. poverty rate has been approximately ________ percent for the last 40 years.

A. 4 to 13 B. 11 to 15 C. 12 to 20 D. 5 to 18