An expansionary fiscal policy is likely to
A) decrease a government budget surplus (or increase a budget deficit) and increase borrowing by the Treasury which will sell more bonds.
B) increase a government budget surplus (or increase a budget deficit) and decrease borrowing by the Treasury which will buy more bonds.
C) increase a government budget surplus (or increase a budget deficit) and increase borrowing by the Treasury which will sell more bonds.
D) decrease a government budget surplus (or increase a budget deficit) and decrease borrowing by the Treasury which will buy more bonds.
Ans: A) decrease a government budget surplus (or increase a budget deficit) and increase borrowing by the Treasury which will sell more bonds.
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In the United States between 1981 and 2012, the
A) nominal wage rate increased more than the real wage rate. B) real wage rate increased more than the nominal wage rate. C) nominal and real wage rates increased the same amount. D) real and the nominal wage rates decreased the same amount. E) nominal wage rate decreased and the real wage rate increased.
Which of the following statements would be represented by a backward-bending labor supply curve?
a. A $50,000-a-year professor works more hours than a $20,000-a-year professor. b. The CEO of a major computer manufacturer works more hours than the union workers. c. The owners of a successful business work fewer days than do their employees. d. Hospital janitors work fewer hours than does the chief of obstetrics. e. High-ranking executives are more likely to work past 5:00 p.m. than are middle managers.
Define a contract and explain with examples
In the Keynesian causal chain, changes in GDP cause changes in the level of interest rates
a. True b. False Indicate whether the statement is true or false