The policy mix that the Clinton administration sought in early 1993 was a
A. smaller budget deficit and tighter monetary policy.
B. smaller budget deficit and looser monetary policy.
C. larger budget deficit and looser monetary policy.
D. larger budget deficit and tighter monetary policy.
Answer: B
You might also like to view...
Mr. Paque is a bear hunter for timber companies that want to diminish damage to trees done by bears in the spring. Due to a reduction in the bear population between 1995 and 2005, Mr. Paque finds fewer bears each year and additional hours spent hunting produce fewer additional bears. With the information given and noting that the bounty on bears has risen, one can conclude that (i) Mr. Paque's
income per hunting hours will fall; (ii) the derived demand for Mr. Paque's services will shift left. a. i and ii b. i not ii c. ii not i d. neither i nor ii
When the consumer price index falls, the typical family
a. has to spend more dollars to maintain the same standard of living. b. can spend fewer dollars to maintain the same standard of living. c. finds that its standard of living is not affected. d. can save less because they do not need to offset the effects of rising prices.
If the federal government runs a budget deficit, but the budget deficit as a percent of GDP is less than the growth rate of real output, the:
A. national debt will decrease as a share of GDP. B. national debt will remain a constant share of GDP. C. national debt will increase as a share of GDP. D. size of the national debt (in dollar value) will decline.
When there is a current account deficit, it is likely that
A) exports exceed imports for the country. B) the country is an exporter of capital. C) the financial account has a surplus. D) the country has a budget surplus.