When the government increases its borrowing, the budget _____ increases and government debt _____. The resulting change in investment due to this increased government borrowing is called _____
Fill in the blank(s) with correct word
deficit, increases, crowding-out
You might also like to view...
The upward slope of the supply curve reflects the
A. law of diminishing marginal utility. B. principle of specialization in production. C. fact that price and quantity supplied are inversely related. D. law of supply.
Risk can often be reduced by investing in a large number of projects
Indicate whether the statement is true or false
When OPEC raises the price of petroleum, American expenditures on oil imports increase, suggesting that
A. the United States’ elasticity of demand for imported oil is greater than one. B. the United States’ elasticity of demand for imported oil is less than one. C. imported oil and domestically produced oil are complementary goods. D. the short-run elasticity of demand for oil is greater than the long-run elasticity.
If workers are homogeneous and face a monopsonist,
A) they are likely to want to form a union. B) they are likely to want to negotiate one-on-one with their employer. C) it is likely that half will want to form a union, half will not. D) they are likely to move to another town.