Of the following, pick the year the U.S. enjoyed a budget surplus
A) 1970
B) 1980
C) 1990
D) 2000
E) 2010
D
Economics
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A competitive firm's shutdown price is equal to the minimum value of the firm's
a. marginal cost. b. average cost. c. average variable cost. d. fixed and sunk costs.
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Unemployment in the United States varies considerably over time.
Answer the following statement true (T) or false (F)
Economics
If the private sector is not willing to purchase government bonds being issued to finance a deficit, and the government's only option is to print more money, then this will likely cause
A) a lower dollar value. B) inflation. C) a run on borrowing. D) a weak stock market.
Economics
The world's total output will be greater the more self-sufficient each of the world's economies becomes
a. True b. False
Economics