Fiscal imbalance is the _________ value of the government's commitments to pay benefits minus the _________ value of its tax revenues.
Fill in the blank(s) with the appropriate word(s).
present; present
You might also like to view...
Suppose Aiyanna's Pizzeria currently faces a linear demand curve and is charging a very high price per pizza and doing very little business. Aiyanna now decides to lower pizza prices by 5% per week for an indefinite period of time. We can expect that each successive week
A. demand will become less price elastic. B. the elasticity of supply will increase. C. price elasticity of demand will not change as price is lowered. D. demand will become more price elastic.
Determining “what ought to be” in the economy is considered
a. positive economics. b. normative economics. c. distributive economics. d. mesoeconomics.
Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to rise and monetary base to remain the same. b. Demand for real goods and services to remain the same and M2 money supply to remain the same. c. Demand for real goods and services to rise and M2 money multiplier to rise. d. Demand for real goods and services to remain the same and M2 money supply to rise.
According to economists, which of the following is a good predictor of human behavior in most situations?
a. obligation b. altruism c. selfishness d. self-interest