The price of a ride on the Washington, D.C. metro depends on the time of day you ride. This is an example of

The national debt is defined as the total

a. amount that U.S. citizens owe to foreigners. b. value that U.S. citizens borrow from foreigners during any time period. c. value of government's indebtedness at any moment in time. d. amount by which government's expenditures exceed receipts during any time period.

If monetary policy is fully anticipated by workers and firms, then it has no effect on the level of output; it affects only the price level

Indicate whether the statement is true or false