If the government faced a balanced budget rule, it would be forced to raise taxes or decrease spending during a recession
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Historically, when a diverse set of stocks is held over a lengthy time period, stocks have yielded a ____ rate of return, and the variation in the rate of return has been ____
a. low; low b. low; high c. high; low d. high; high
Economics
A unit tax of $1 will always
A) shift the supply curve upward by more than $1. B) shift the supply curve upward by less than $1. C) shift the supply curve up by exactly $1. D) leave the supply curve unchanged.
Economics