A reduction in the government's deficit causes:
a. No change in the monetary base.
b. The monetary base to either rise or fall, depending on the state of the economy.
c. The monetary base to fall.
d. The monetary base to rise.
.A
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An increase in net taxes (taxes paid by the private sector to the government less transfer payments and interest payments made by the government to the private sector) will:
A. decrease public saving. B. increase private saving. C. increase public saving. D. reduce investment in new capital equipment.
Which of the following did NOT lead to the collapse of Bretton Woods?
A) ample supplies of gold B) collapse of capital controls C) the Vietnam War D) unwillingness to peg to the U.S. dollar
Falling barriers to international trade destroy manufacturing jobs in wealthy advanced economies. Discuss this statement. Do you agree? Why or why not?
What will be an ideal response?
In 2016, the city of Miketown collected $250,000 in taxes and spent $350,000. In 2016, the city of Miketown had a
A. budget deficit of $100,000. B. budget surplus of 57%. C. budget deficit of $200,000. D. budget surplus of $100,000.