A trade surplus occurs when a country's exports exceed that country's imports.

Answer the following statement true (T) or false (F)


True

Economics

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Taxes and transfer payments automatically reduce fluctuations in real GDP and thereby stabilize the economy without any need for decisions from Congress or the White House

Indicate whether the statement is true or false

Economics

The unemployment rate in the United States at the peak of the Great Depression was ________ percent.

A. 10 B. 25 C. 20 D. 5

Economics

Discretionary fiscal policy is independent of Congress and based on the progressivity of the tax system.

Answer the following statement true (T) or false (F)

Economics

What are four real and potential problems with the public debt?

What will be an ideal response?

Economics