The deficit (as a fraction of GDP) is anticipated to rise over the next several decades due to projections of
A) increased defense spending.
B) increased spending on entitlements.
C) increased inflation.
D) decreased corporate tax revenues.
E) decreased income tax revenues.
B
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When the Fed is pursuing expansionary monetary policy it will tend to reduce the demand for the dollar and increase net exports, other things equal
a. True b. False Indicate whether the statement is true or false
Protectionism saves jobs in both the specific industry being protected, as well as in other unprotected industries
a. True b. False Indicate whether the statement is true or false
A pure market economy exists in ______.
a. the United States and most other developed countries b. no country at this time c. all democratic republics d. North Korea and Cuba
Exhibit 10-1 A monopolistic competitive firm
As presented in Exhibit 10-1, the short-run profit-maximizing output for the monopolistic competitive firm is:
A. zero units per day. B. 200 units per day. C. 400 units per day. D. 600 units per day.