"Demand-side fiscal policy is capable of changing Real GDP." This statement would be most likely to be said by an economist who believes that
A) the AS curve is vertical.
B) the AS curve is upward sloping.
C) complete crowding out exists.
D) there is little, if any, crowding out.
E) b and d
E
Economics
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During 1979-2005, the mortgage default rate
a. was less than the foreclosure rate. b. soared to more than 5 percent during recessions but declined sharply during economic expansions. c. soared to more than 5 percent during expansions but declined sharply during economic recessions. d. was generally between 1 and 2 percent.
Economics
A rise in interest rates is expected to lead to an appreciation of the currency, and a drop in interest rates is expected to lead to a depreciation.
Answer the following statement true (T) or false (F)
Economics