According to the Keynesian model, the government can increase spending or cut taxes to close a recessionary gap
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Mr. Stewart owns the only hardware store in a small Midwestern town. His nearest competition is more than 50 miles away, yet he does not earn any economic profit. Does someone need to explain the economic concept of monopoly to him?
Economics
What pitfall is linked with adding up individual behaviors?
a. rationality b. the fallacy of composition c. correlation and causation confusion d. the economic problem
Economics