When government expenditures are greater than tax revenues
A) there will be budget surplus. B) the public debt will be reduced.
C) there will be budget deficit. D) automatic stabilizers do not kick in.
C
Economics
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Comparisons of economic activity over time should be made using:
A. nominal GDP per capita. B. current-dollar GDP. C. real GDP. D. nominal GDP adjusted for unemployment.
Economics
As the velocity of money rises, the amount of money being held by individuals also rises
a. True b. False Indicate whether the statement is true or false
Economics
Suppose the demand function is given by Qxd = 10Px0.9 Py0.5 M0.22 H. Then the cross-price elasticity between goods x and y is:
A. 0.22. B. 0.5. C. ?0.5. D. 0.9.
Economics
Explain the capture hypothesis
What will be an ideal response?
Economics