Suppose the government has a budget surplus. Then
A) private saving is less than investment and government saving is positive.
B) private saving is greater than investment and government saving is positive.
C) private saving is greater than investment and government saving is negative.
D) private saving is equal to investment.
E) private investment is greater than the sum of government saving and private saving.
A
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When price is above the equilibrium level, competitive price cutting will continue as long as quantity supplied exceeds quantity demanded.
Answer the following statement true (T) or false (F)
The above table gives some of the costs of the Delicious Pie Company. The marginal cost of increasing pie output from 200 to 300 pies equals ________ per pie
A) $1.800 B) $1,000 C) $8 D) $6
Labor's Magna Carta was the Wagner Act
Indicate whether the statement is true or false
To avoid double counting when GDP is estimated, economists: # randomize
[A]. Use GDP deflator [B]. Calculate value added at each stage of production [C]. Use retail prices [D]. Use price only intermediate goods