The U.S. economy experienced fluctuations in employment and output over the last half of the twentieth century. However, the length of the average recession has been about the same as the length of the average expansion

When supply and demand both increase, the

A) quantity definitely decreases. B) quantity definitely increases. C) price definitely increases. D) price definitely decreases.

Taxes distort economic behavior because they

A) change the composition of income and spending. B) cause deviations in economic behavior from the efficient, free-market outcome. C) change the balance between private and public expenditures. D) change the composition of consumption, investment, government spending, and net exports.