When budget deficits during recessions are covered by budget surpluses during expansions, then it is termed as annually balanced budget
Indicate whether the statement is true or false
false
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The ratio of cash and securities to total assets is a traditional measure of __________ risk
A) credit B) leverage C) interest rate D) liquidity
When the actual GDP equals the full-employment level of GDP, the
a. economy is in long-run equilibrium. b. price level must be rising. c. expected inflation must be zero. d. aggregate supply curve is not constrained by the scarcity of resources.
What is the expected value of a $100 bet on a flip of a fair coin, where heads pays double and tails pays zero?
What will be an ideal response?
If a good is produced by firms that generate external costs, the price consumers pay
A) will be efficient as long as it equals the marginal costs of the firms. B) will be too low. C) will be too high because the consumers end up paying the costs instead of the firm. D) will be the correct price, but the quantity sold of the good will be too large.