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

True

False

Aggregate demand represents the total demand in an economy.

True

False

Stagflation is period of falling output and rising prices.

True

False

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

True

False

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

True

False