Like the debt of many families, the national debt in 2014 was many times larger than the national income

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

False

Economics

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From a monetarist perspective, instability in the macro economy arises from:

A. Secular trends in the economy B. The instability of velocity as a policy tool C. Discretionary changes in monetary policy D. The use of a monetary rule for monetary policy

Economics

If the cross-price elasticity of demand between two goods is -1.2, then the two goods are:

A. substitutes. B. complements. C. inferior. D. elastically demanded.

Economics