If the economy were left on its own without the interference of government or the Fed, it would move toward an equilibrium rate of growth that would produce, with only minor interruptions, full employment without inflation. What school supports this view?

Purchasing power parity (PPP) measurements of income are a way to make international comparisons by correcting for national differences in

A) unemployment. B) inflation. C) prices of goods and services. D) economic growth. E) government subsidies.

A positive economic statement simply describes what is

Indicate whether the statement is true or false