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History, 03.05.2021 05:50 jlperez77

MAY YOU GUYS HELP ME ON THIS PLEASE, THIS IS DUE IN 30 MINUTES. 1.) Most economic issues are unrelated to other economic issues; for example, inflation has no effect on pricing.

True

False

2.) The economy grows at an even rate at all times.

True

False

3.) When the production of goods increases, the business cycle is contracting.

True

False

4.) The goals of the New Deal were relief, recovery, and reform.

True

False

5.) The different parts of the economy are all independent; if one changes, the others will remain the same.

True

False

6.) People who are unemployed are jobless, looking for jobs, and available for work.

True

False

7.) If 100 people in a town of 1,000 people are unemployed, the unemployment rate is 25%.

True

False

8.) Cost–push inflation refers to a situation where demand is greater than supply.

True

False

9.) Economic indicators are studied to identify trends, such as an increase in pricing in an industry or a decrease in production over time.

True

False

10.) The GNP measures the total market value of everything produced by a country, while the GDP measures the value of everything produced within a country.

True

False

11.) Externalities can be positive or negative.

True

False

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