1.) A period of declining incomes and rising unemployment is called a depression.

True or False

1.) Aggregate demand represents the total demand in an economy.

True or False

3.) Stagflation is period of falling output and rising prices.

True or False

4.) A government deficit tends to reduce the supply of loanable funds and drives up interest rates,

True or False

5.) A trade policy is a government policy that directly influences the amount of goods that a country imports or exports.

True or False