A principal cause of the business cycle is the changes in total spending that occur in the overall economy
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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If the expected rate of inflation rises, then the short-run Phillips Curve would:
A. Shift to the right B. Shift to the left C. Become vertical D. Become flat
Economics
Taxes and government spending that affect fiscal policy without specific action from policymakers are called:
A. automatic stabilizers. B. discretionary fiscal policy. C. expansionary fiscal policy. D. contractionary fiscal policy.
Economics