Everyone who is unemployed is covered and can receive benefits from unemployment insurance

An increase in fiscal deficit spending financed by borrowing will increase the national debt

a. True b. False Indicate whether the statement is true or false

Three main conditions are necessary for general equilibrium to hold in the market economy. The first requires that all consumers are in equilibrium meaning that all beneficial exchanges have been made between them. The second is that all inputs are employed in their best use meaning that costs are as low as possible for everything being produced. The third condition requires that

A. the production possibilities frontier move outward indicating economic growth. B. absolute price levels do not change. C. the distribution of income is done according to the societal values so that all the contract curves can be reached. D. the right mix of goods is being produced.