Other things being equal, during a period when the federal government issues more Treasury securities to borrow funds
A) the flow of government expenditures during that period must exceed the flow of tax revenues.
B) the flow of government expenditures during that period must exceed the stock of tax collections.
C) the stock of government deficit spending during that period must exceed the flow of tax revenues.
D) the stock of government deficit spending during that period must exceed the stock of tax collections.
A
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Market specialization and the rise of the division of labor
A) create important conditions for economic growth. B) help explain why some nations are wealthier than others. C) do both of the above. D) do neither of the above.
What special role does the president play in creating fiscal policy?
What will be an ideal response?
The analysis of Friedman and Phelps argues that an expected change in inflation has no impact on the unemployment rate
a. True b. False Indicate whether the statement is true or false
Which of the following examples has the highest opportunity cost?
a. When interest rates are at 10 percent, Krisjan places all of his wages into a checking account. b. Katrin considers placing money in a Treasury Bill with interest of 7 percent, but decides against it. c. Gunnar decides not to invest in a CD that has an interest rate of 5 percent. d. When interest rates are at 3 percent, Freyja decides to use her money for everyday expenses.