President George W. Bush used part of the budget surplus inherited from the Clinton administration to

A) stimulate the economy that was slowing down following the end of the high-tech investment boom.
B) fund tax cuts.
C) increase government entitlement spending.
D) both A and B.


D

Economics

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In order to lower the federal funds rate, the Fed ________ government securities in open market operations, so that banks' reserves ________ and the quantity of money ________

A) buys; increase; increases B) sells; increase; decreases C) buys; decrease; increases D) buys; decrease; decreases E) sells; decrease; decreases

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A subgame is a simultaneous game embedded in a sequential game

Indicate whether the statement is true or false

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Technology is a demand shifter.

a. true b. false

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Cyclical unemployment is a consequence of:

What will be an ideal response?

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