When government spending exceeds government revenues during a given period of time
A. the national debt must be decreasing.
B. a budget deficit exists.
C. a budget surplus exists.
D. Congress is obliged to raise taxes.
Answer: B
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A checkable account
A) is a very illiquid asset. B) is one on which the holder can write checks. C) must be traded on the stock exchange. D) cannot serve as a store of value.
The natural rate of unemployment has increased in the United States and Europe over the last twenty years. What are things that could account for this?
What will be an ideal response?
An inflationary gap exists when consumers and businesses are demanding more output than the economy is capable of producing at full employment
a. True b. False Indicate whether the statement is true or false
Following the recession of 2001, there was a month in which employment and the unemployment rate both rose. Assuming the computations were correct, how is it possible for both to have increased?