Since 2000, the U.S. government has generally had a government budget ________ and so the national debt has ________
A) surplus; decreased
B) surplus; increased
C) deficit; decreased
D) deficit; increased
E) deficit; not changed
D
You might also like to view...
Free-market economies have led to
A. high growth rates but low efficiency. B. high efficiency and low growth rates. C. high growth rates and high efficiency. D. low growth rates and low efficiency.
The Lorenz curve represents: a. the line of perfect inequality
b. the line of perfect equality. c. the nonwage income of households. d. the actual distribution of income.
Suppose that when income taxes are reduced by $400 billion, households increase consumption by 80% of the resulting change in disposable income. Suppose also that the multiplier is 2. At a given price level, the aggregate demand curve shifts to the right by
A) $320 billion. B) $400 billion. C) $640 billion. D) $800 billion.
Suppose that the marginal propensity to save (MPS) equals 0.2. The value of the multiplier would be
A. 2. B. 1.25. C. 20. D. 5.