Refer to the diagram in which T is tax revenues and G is government expenditures. All figures are in billions. The budget will entail a deficit:
A. at all levels of GDP.
B. at any level of GDP above $400.
C. at any level of GDP below $400.
D. only when GDP is stable.
C. at any level of GDP below $400.
Economics
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What are the consequences of outsourcing production on the welfare of countries?
What will be an ideal response?
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A monopolistic competitor would face a demand curve with a
A) positive slope. B) negative slope. C) constant slope. D) slope equal to 0.
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A commercial bank like Comerica creates money by
A) printing paper money. B) earning profits. C) selling corporate bonds. D) making loans.
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