If incomes decrease in the United States, Americans will buy more goods, including foreign goods. This increase in demand for foreign goods will cause an increase in the demand for euros

In the absence of a financial system, the two-period model without taxes predicts that

A) consumption is more volatile that output. B) consumption is as volatile as output. C) consumption is less volatile than output. D) We do not know.

Local, state and federal government control and influence over businesses through taxes, subsidies, licensing and inspections are a firm part of U.S. history

Indicate whether the statement is true or false