Budgets deficits can be a concern because they might
A) ultimately lead to higher inflation.
B) lead to lower interest rates.
C) lead to a slower rate of money growth.
D) lead to higher bond prices.
A
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A bilateral monopoly exists when there is a
A) single buyer and many sellers in the market. B) single seller and many buyers in the market. C) large number of buyers and sellers in the market. D) single buyer and a single seller in the market.
The 2008-2009 recession began as oil prices increased, and then was followed by a negative demand shock
a. True b. False
Refer to the information provided in Figure 15.5 below to answer the question(s) that follow. 
Figure 15.5 Refer to Figure 15.5. Assume The Custom Sweater Shop has fixed costs of $350 and is a monopolistically competitive firm. To maximize profits in the short run, this firm should produce ________ personalized sweaters.
A. 0 B. 50 C. 100 D. 75
Surplus refers to:
A. a way of measuring who benefits from transactions and by how much. B. the difference between the price the seller would have accepted and the actual sell price. C. the difference between the price the buyer would have paid and the actual price paid. D. All of these statements are true.