To finance a government deficit,
A. money is borrowed.
B. the government runs a budget surplus.
C. taxes are lowered.
D. government expenditures are lowered.
A. money is borrowed.
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Which of the following would cause a decrease in aggregate demand?
A) a rise in wages B) an increase in the money supply C) a fall in investor confidence D) an increase in the price level
A bear market is one in which prices are expected to rise.
Answer the following statement true (T) or false (F)
Average fixed costs:
A. always trend downward as output increases. B. always trend upward as output increases. C. are a constant, regardless of quantity of output. D. are a vertical line.
Table 11-1 Y = C + I + G C = 500 + 0.8(Y?T) I = 300 G = 700 T = 0.25Y Refer to Table 11-1. What is the level of saving in this model?
A. 92.5 B. 72.5 C. 62.5 D. 52.5 E. 42.5