Which of the following equations describes the government deficit?
A) G + TR + INT - T
B) G + TR - INT - T
C) G - TR + INT - T
D) G - TR - INT - T
A
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How do economic growth rates affect a nation's standard of living?
What will be an ideal response?
Everything else held constant, an increase in the required reserve ratio on checkable deposits causes the M1 money multiplier to ________ and the money supply to ________
A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease
According to the new classical school, if macroeconomic policy is perfectly predictable, then the aggregate supply curve and the Phillips curve must be vertical in both the short run and the long run
a. True b. False Indicate whether the statement is true or false
A monopsonist will hire fewer workers at a lower wage rate than would prevail in a competitive market.
Answer the following statement true (T) or false (F)