A federal surplus of $10 billion means that
A. the government plans on collecting $10 billion in taxes this year.
B. the government is spending $10 billion a year less than it is collecting in taxes.
C. the government has a total debt of $10 billion.
D. government spending is $10 billion a year.
Answer: B
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If the Fed adopts a policy of pegging the interest rate, a ________ in government spending forces the Fed to increase the money supply to prevent interest rates from ________
A) fall; increasing B) fall; decreasing C) rise; decreasing D) rise; increasing
If investment is interest-insensitive,
A) monetary policy has no impact on equilibrium income. B) monetary policy has no impact on the equilibrium interest rate. C) fiscal policy has no impact on equilibrium income. D) fiscal policy has no impact on the equilibrium interest rate.
An example of an in-kind transfer is
A) national defense. B) Social Security. C) low-cost public housing. D) unemployment benefits.
How have companies like Uber and Lyft affected the ride-sharing market?
A. Price and quantity of the rides have decreased. B. Price of the rides increased, and the quantity of rides have decreased. C. Price and quantity of the rides have increased. D. Price of the rides decreased, and the quantity of rides have increased.