The primary current deficit is
A. the current deficit minus tax revenues.
B. the current deficit minus net interest.
C. the deficit minus tax revenues.
D. the deficit minus net interest.
Answer: B
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As the quantity of labor employed by a firm decreases, labor's ________ increases
A) marginal cost B) value of marginal product C) marginal revenue D) average cost
The M2 aggregate
A) includes M1 plus short-term investment accounts. B) includes M1 plus large-denomination time deposits. C) equals currency plus checking account deposits at commercial banks. D) is the best definition of money purely as a medium of exchange.
If employees and employers always accurately forecast inflation, what is the shape of the Phillips curve?
a. It is vertical in the short run, and upward sloping in the long run. b. It is downward sloping in the short run, and vertical in the long run. c. It is upward sloping in the short run, and horizontal in the long run. d. It is vertical in the short run and long run.
An increase in demand will cause
What will be an ideal response?