In the new classical view, an anticipated decrease in government spending would be expected to
a. lower output and the price level.
b. lower output but leave the price level unchanged.
c. leave output unchanged and raise the price level.
d. leave output unchanged and lower the price level.
e. leave both output and the price level unchanged.
D
Economics
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The Civil War's (1861–1865) impact on the growth and development of the U.S. economy was negative
Indicate whether the statement is true or false
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Refer to the above figure. Which of the graphs are consistent with the age-earnings profile?
A) Panel A B) Panel B C) Panel C D) Panel D
Economics