11) Which of the following statements is FALSE? A) Government spending in excess of government revenues is called budget deficit. B) Demand for housing and automobiles is highly sensitive to interest rates. C) The market value of all final goods and services produced during a given period is called GDP. D) An increase in the money supply or a decrease in interest rate by the Federal Reserve will cause inflation to fall.

11) Which of the following statements is FALSE? A) Government spending in excess of government revenues is called budget deficit. B) Demand for housing and automobiles is highly sensitive to interest rates. C) The market value of all final goods and services produced during a given period is called GDP. D) An increase in the money supply or a decrease in interest rate by the Federal Reserve will cause inflation to fall.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter13: Inflation

Section: Chapter Questions

Problem 16SQ

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