Answer the following statement(s) true (T) or false (F)
1. The recession of 1973-75 provides an example of the workings of the automatic stabilizers.
2. According to supply-side economics, a reduction in marginal tax rates causes increases in productivity.
3. Supply-side advocates overestimate the effects of tax cuts on aggregate demand.
4. A decrease in national saving necessarily results in an equivalent decline in investment.
5. Federal borrowing can contribute to an upward pressure on the interest rate.
1. T
2. T
3. F
4. F
5. T
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For her study, Stephanie has stated her research hypothesis as : H1 ?1 > ?2 . What do the symbols mean?
a. The mean of population 1 is equal to the mean of population 2 b. The mean of population 1 is greater than the mean of population 2 c. The mean of population 1 is less than the mean of population 2 d. The mean of population 1 is not equal to the mean of population 2
How did the U.S.respond to nuclear tests carried out by India and Pakistan in 1998?
A) It asked Russia to join forces to limit these tests. B) It removed tariffs from exports to those countries. C) It encouraged imports from those countries. D) It installed a military presence. E) It imposed economic sanctions.