Any event that creates a "crisis in confidence" is likely to lead to

A. higher aggregate output.
B. inflation.
C. higher aggregate prices.
D. lower aggregate prices.

Answer: D

Economics

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If goods are completely unrelated, their cross price elasticity will

A) be greater than one. B) be less than one. C) be equal to zero. D) be negative.

Economics

Which of the following is true of the federal budget? a. The federal budget is a plan that describes a government's monetary policy for the current financial year

b. The federal budget is a plan that describes a government's fiscal policy for the current financial year. c. The federal budget is a plan that describes the president's take on the economy. d. The federal budget is a plan for federal government outlays and revenues for a specified period, usually a year. e. The federal budget is a plan that describes the eligibility criteria of the major entitlement programs taken up by Congress for the current financial year.

Economics