In practice, the U.S. income tax system is filled with special provisions that alter a family's tax based on its specific circumstances

Wage and price stickiness

A. creates a surplus or a shortage of real GDP. B. give rise to a vertical long-run aggregate supply curve. C. give rise to a vertical short-run aggregate supply curve. D. prevents the economy from producing its potential level of real GDP.

Prices rose strongly during the Vietnam War (1964–1974), and only the adroit monetary and fiscal policy management of the Carter administration (1976–1980) managed to get inflation under control

Indicate whether the statement is true or false