The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending.
B. recessionary gaps.
C. expansionary gaps.
D. unemployment.
Answer: B
Economics
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If a government has a budget surplus, then public saving
a. is positive and increases national saving. b. is positive but decreases national saving. c. is negative and decreases national saving. d. is negative but increases national saving.
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Under a system of laissez-faire, output selection is determined by consumers’ wants.
Answer the following statement true (T) or false (F)
Economics