If a budget deficit as a percent of GDP is greater than the growth of real output, the national debt will
a. decrease relative to the size of the economy.
b. decrease in nominal terms.
c. increase in nominal terms but decrease relative to the size of the economy.
d. increase relative to the size of the economy.
D
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Recall the Application. In response to the financial crisis, the Fed implemented a new policy in which it began to pay interest on deposits held at the Fed
This move would ________ deposits held at the Fed and ________ the Fed's ability to make loans. A) increase; decrease B) decrease; decrease C) increase; increase D) decrease; increase
According to the above table, at a price of $2 per unit, which of the following would exist?
A) a shortage of 800 units B) a surplus of 800 units C) a shortage of 200 units D) a shortage of 400 units
At the socially optimum equilibrium, net social welfare is at its minimum
a. True b. False Indicate whether the statement is true or false
Each of the following except _____ takes a liberal position with respect to poverty.
A. Charles Murray B. Barbara Ehrenreich C. Lisabeth and Daniel Schorr D. Frances Fox Piven