If G = T, then regardless of whether there is unemployment or inflation (or both), the budget is
a. balanced even though the economy may not be in equilibrium
b. in deficit
c. in surplus
d. contractionary
e. balanced and the economy is in equilibrium
A
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Present value analysis suggests that high-income earners
A. make a competitive real rate of return through Social Security. B. can make an average real rate of return through Social Security only if they live to age 100. C. cannot make an average real rate of return through Social Security even if they live past 100. D. can make an average real rate of return through Social Security only if they live to age 65.
All of the following are examples of financial intermediaries EXCEPT
A) stock exchanges. B) credit unions. C) insurance companies. D) retirement funds.
Explain the concept of the law of increasing additional cost
What will be an ideal response?
Given the information in the table shown, what is the market price?
This table shows price and quantity produced for a single firm in a perfectly competitive market.
A. $20
B. $10
C. $2
D. $260