The U.S. saving rate is
A) rapidly increasing. B) higher than that of most major countries.
C) low. D) negative.
C
Economics
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If the government institutes a specific tax for a good
A) the producer simply passes the entire tax on to the consumer. B) the producer must absorb the entire tax. C) the producer can generally only pass part of the tax onto the consumer. D) the equilibrium price drops.
Economics
The period during which real output falls during a business cycle is called:
a. peak. b. recession. c. recovery. d. trough.
Economics