The argument that a Balanced Budget Amendment would be "pro-cyclical" means that it would cause
A. good times to be worse than they would otherwise be.
B. bad times to be better and good times to be worse than they would otherwise be.
C. bad times to be better than they would otherwise be.
D. bad times to be worse than they would otherwise be.
Answer: D
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In the money market, if the quantity of money supplied exceeds the quantity of money demanded, the nominal interest rate will ________ and the prices of assets will ________
A) fall; increase B) rise; increase C) fall; decrease D) rise; decrease E) fall; not change
If the marginal private cost of running a car is $0.30 a mile and the marginal external cost is $0.10, what is the marginal social cost?
A) $0.20 B) $3.00 C) $0.03 D) $0.40 E) None of the above answers is correct.
Explain the reason why the debt-to-GDP ratio in the United States is expected to explode between now and the year 2042
What will be an ideal response?
When you purchase a bond in the secondary market, you are lending money directly to the borrower
a. True b. False Indicate whether the statement is true or false