As a result of the large surpluses following the Clinton Administration, what did President George W. Bush do in 2001, which reduced the surplus?
A) lowered the interest rate to stimulate spending B) increased government spending
C) made substantial cuts in taxes D) raised the interest rate to reduce spending
C
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List and discuss the four economic functions that depository institutions provide their customers
What will be an ideal response?
An economic system is said to be a
a. market economy if there is substantial central planning. b. traditional economy if it relies on extensive market trading. c. market economy if it relies on self-interested behavior and incentives. d. command economy if it relies on long-standing practices.
Which of the following would not increase autonomous consumption spending?
a. Expectations of greater future income b. A lower interest rate c. Reduced consumer debt d. Increased household wealth e. Increased disposable income
The current Social Security System surplus of revenues relative to expenditures is used to purchase
a. U.S. Treasury bonds. b. bonds issued by domestic corporations. c. U.S. stock. d. U.S. and foreign stock.