The official measure of the deficit
A) always underestimates the correct measure of the deficit when inflation is positive.
B) differs from the correct measure by the inflation rate times taxes.
C) depends on the nominal interest rate.
D) depends on the real interest rate.
E) none of the above
C
Economics
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If Tom is participating in an open outcry English auction, he should ________
A) bid up to his maximum willingness to pay B) bid above his maximum willingness to pay C) bid below his value for the good being auctioned D) pay a fee to place a bid
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If a country is producing efficiently and is on the production possibilities frontier, the country can produce more of one good without producing less of the other good
Indicate whether the statement is true or false
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