The actual budget deficit of the federal government in 2009 was about $1.4 trillion. On the basis of this information, it:
A. can be concluded that the economy was faced with serious inflation in 2009.
B. cannot be determined whether the government engaged in expansionary or contractionary
fiscal policy in 2009.
C. can be concluded that fiscal policy was contractionary in 2009.
D. can be concluded that fiscal policy was expansionary in 2009.
B. cannot be determined whether the government engaged in expansionary or contractionary
fiscal policy in 2009.
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The direct costs in an economic evaluation include the all the following except
a. hospitalization b. medical devices c. transportation to and from the physician's office d. reduced productivity at work e. All of the above
If the president of Chile commented that "the crime rate in Chile is currently too high," this would be an example of a normative statement
a. True b. False