The sum of all past budget deficits and surpluses of the federal government is the
a. budget deficit.
b. budget surplus.
c. national debt.
d. trade deficit.
C
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The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
An order from an exchange for a seller to add enough funds to meet the minimum balance in a margin account is called:
A) maintenance margin B) margin option C) margin call D) margin put
When a tariff is? imposed, the supply curve for the imported good
A) shifts downward and to the right.
B) shifts upward and to the left.
C) does not change.
D) becomes perfectly inelastic.
Experience rating systems for pricing insurance discourage firms from spending money to try to improve their employees' health.
Answer the following statement true (T) or false (F)