An economy in which output has decreased and prices have decreased would suggest a:

Typically, in towns and villages across the Midwest, bowling alleys are one-story buildings. In Manhattan, one is more likely to bowl in alleys found in multi-story high rises. Why?

A) Because Midwesterners live on flat lands, they think flat and build flat. B) The bowling cultures are different. C) The cost of building single-story bowling alleys in Manhattan is too high. D) Midwestern zoning codes must prohibit bowling alleys in multi-story structures.

According to the circular flow model, all else constant, an increase in government spending should cause an increase in spending, income, and production in the economy

Indicate whether the statement is true or false