By 2007 the deficit
a. was out of control and increased substantially soon thereafter.
b. seemed under control but increased substantially soon thereafter.
c. was out of control but decreased substantially soon thereafter.
d. seemed under control and decreased substantially soon thereafter.
b
You might also like to view...
Using T-accounts show what happens to reserves at Security National Bank if one individual deposits $1000 in cash into her checking account and another individual withdraws $750 in cash from her checking account
What will be an ideal response?
Which of the following statements about checking deposits is true?
A) It is a liability for both households and banks. B) It is an asset for both households and banks. C) It is an asset for households but a liability for a bank. D) It is a liability for households but an asset for a bank.
In a competitive market, the demand and supply curves are Q = 12 - P and Q = 5P, respectively. If output is fixed at Q = 11, what is the amount of the resulting deadweight loss?
A) 0 B) 0.6 C) 11.4 D) 15
In competitive markets, firms that raise their prices are typically rewarded with larger profits
a. True b. False Indicate whether the statement is true or false