The desire in the U.S. for owner-occupied housing led to subsidies that contributed to the recession which started in 2007.

An economy that is producing inside its production possibilities frontier can be efficient.

Answer the following statement true (T) or false (F)

If the dollar depreciates in value relative to foreign currencies, then aggregate ________.

A. demand increases B. demand decreases C. supply and aggregate demand decrease D. supply and aggregate demand increase