A balanced budget would not affect income because an increase in government spending is exactly matched by an increase in taxes
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Suppose the price level decreases and real GDP remains the same. Then
A) nominal GDP must decrease. B) nominal GDP must remain unchanged. C) nominal GDP must increase. D) none of the above are true.
Economics
An example of price discrimination is the price charged for:
a. a postage stamp. b. theater tickets that offer lower prices for children. c. an economics textbook at a campus bookstore. d. Any of these.
Economics