The government debt is defined as
A) the excess of total revenues over total expenditures.
B) the sum of all past deficits and surpluses.
C) the excess of total expenditures over total revenues.
D) government spending on goods and services plus transfer payments.
B
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In the Mundell-Fleming model with a floating exchange rate and perfect capital mobility, an increase in the money supply does all of the following EXCEPT:
a. increase interest rates. b. increase income. c. increase the IS curve. d. increase inflation.
In the months of November and December, people in the United States hold a larger part of their money in the form of currency because they intend to shop and travel for the holidays. As a result, other things the same, the money supply increases
a. True b. False Indicate whether the statement is true or false
The overuse of a common resource relative to its economically efficient use is called
a. the free rider problem. b. the Tragedy of the Commons. c. a public good. d. cost-benefit analysis.
In the market for loanable funds an increase in the government budget deficit will
A. decrease the market rate of interest. B. increase the market rate of interest. C. increase the supply of loanable funds. D. have no effect over the market rate of interest.