Which statement is true?
A. President Eisenhower did not attempt to undo the legacies of the New Deal, such as Social Security and unemployment insurance.
B. There was a major tax increase in 1964.
C. A war in Vietnam and a "war on poverty" in the Johnson Administration helped to reduce the federal budget deficit.
D. None of the choices are true.
A. President Eisenhower did not attempt to undo the legacies of the New Deal, such as Social Security and unemployment insurance.
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The sum of the current account, capital and financial account, and official settlements account is
A) a positive number if the country has a trade surplus. B) a negative number if the country has a trade deficit. C) positive or negative depending on whether the domestic exchange rate is appreciating or depreciating. D) always equal to zero.
Engel's Law asserts that consumer expenditures on daily food in the aggregate decline as incomes rise. This explains the decreased demand for daily foods and the increased U.S. demand for exotic foods
Indicate whether the statement is true or false