If the federal government's expenditures are less than its tax revenues, then
A) a budget surplus results.
B) a budget deficit results.
C) the budget is balanced.
D) No conclusion can be drawn here regarding the budget surplus or deficit without information regarding government purchases versus other outlays.
Answer: A
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To reassure investors who were unwilling to buy mortgages in the secondary market, the U.S. Congress used two government sponsored enterprises, Fannie Mae and Freddie Mac, to stand between investors and banks that grant mortgages
Fannie Mae and Freddie Mac A) sell bonds to investors and use the funds to purchase mortgages from banks. B) sell bonds to banks and use the funds to purchase mortgages from investors. C) sell mortgages to banks and use the funds to purchase bonds from investors. D) sell mortgages to investors and use the funds to purchase bonds from banks.
The main transfer programs of the U.S. government include each of the following, except:
a. social insurance. b. cash welfare or public assistance. c. in-kind transfers. d. veterans' benefits. e. employment programs.
Demand for a good is said to be inelastic if the quantity demanded increases substantially when the price falls by a small amount
a. True b. False Indicate whether the statement is true or false
Along which of these segments of the supply curve is supply most elastic?
a. AB b. CD c. DH d. GH