If MR>MC, then the firm should

Ignoring any supply-side effects, if government expenditure on goods and services increase by $10 billion and taxes increase by $10 billion, then real GDP ________ and the price level ________

A) increases; rises B) increases; falls C) decreases; rises D) decreases; falls E) does not change; does not change

Since the 1970s, the percentage of total income earned by the poorest 20 percent of American families has fallen

a. True b. False Indicate whether the statement is true or false