The concept of twin deficits refers to ________
A) the phenomenon of simultaneous trade and government budget deficits
B) the phenomenon of simultaneous government and private budget deficits
C) the phenomenon of simultaneous state and federal budget deficits
D) all of the above
E) none of the above
A
You might also like to view...
The process of entry and exit into a monopolistically competitive market continues until:
A. profits are positive. B. profits are negative. C. profits are zero. D. Any of these statements could be true.
Suppose that medical technicians and nurses' aides are not unionized. If the nurses' aides unionize, then the wages of
a. both medical technicians and nurses' aides will rise. b. both medical technicians and nurses' aides will fall. c. medical technicians will rise, and the wages of nurses' aides will fall. d. nurses' aides will rise, and the wages of medical technicians will fall.
Which of the following statements is NOT true about Say's law?
A. Markets would be regularly hit by severe shortages and surpluses. B. Desired expenditures will equal actual expenditures. C. People produce more goods than they want for their own use only if they seek to trade them for other goods. D. Surpluses will be eliminated by falling prices and shortages will be eliminated by increasing prices.
The exchange rate between the U.S. dollar and the Japanese yen change
A. every five years. B. on a yearly basis. C. on a monthly basis. D. at times from one minute to the next.