International free trade always hurts the nations that run deficits, and benefits the nations that run surpluses
Indicate whether the statement is true or false
FALSE
Economics
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As the best measure of the size of economic fluctuations associated with a business cycle, economists typically use
A) real GDP. B) the deviation of real GDP from potential GDP. C) potential GDP. D) the deviation of real GDP from nominal GDP.
Economics
In 1963, government economists assumed that the MPC for the United States was approximately 0.90 . If taxes were cut by $9 billion, then consumer expenditures would initially be expected to
a. decrease by $9.0 billion. b. increase by $9.0 billion. c. decrease by $8.1 billion. d. increase by $8.1 billion.
Economics