When the United States ran large budget deficits during 2001-2011,
a. private investment was strong and consumer expenditures declined as a percentage of GDP.
b. private investment was weak and consumption increased as a share of GDP.
c. the trade deficit of the United States shrank, indicating that borrowing from foreigners was declining.
d. the deficits were financed exclusively through borrowing from domestic sources.
B
You might also like to view...
The annual rate of growth of commodity output during the Civil War:
a. held constant from the previous decade. b. increased by roughly 25 percent. c. fell by more than 50 percent. d. None of the above is correct.
When income effects are small:
A. there is no difference between the uncompensated demand curve and the uncompensated demand curve. B. the uncompensated demand curve will be relatively far from the compensated demand curve. C. the compensated demand curve will intersect the uncompensated demand curve. D. the uncompensated demand curve lies close to the compensated demand curve.
In moving from a shortage toward the market equilibrium, which of the following is true?
a. Quantity supplied decreases. b. Quantity demanded increases. c. Price falls. d. Price rises.
What is social capital? Give an example
What will be an ideal response?