A federal budget deficit ________ the change in government bonds issued by the U.S. Treasury and ________ the national debt
Fill in the blank(s) with correct word
Increases, increases
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Appendix: In comparing rules for serving a queue, last-come first-served has all of the following effects except
a. reduces the waiting time b. causes few customers to arrive and depart more than once c. increases the side payments among those yet to be served d. hastens the adoption of a lottery system for deciding who should get the tickets
In recent years, the Federal Reserve has conducted policy by setting a target for
a. bank reserves. b. the monetary growth rate. c. the exchange rate. d. the federal funds rate.
A monopoly is the single supplier of a product with no ______.
a. established price b. limit to supply c. barriers to entry d. close substitutes
If wages are higher in the United States than in Brazil, then:
A) trade is still beneficial to the United States and Brazil. B) Brazil will not have a comparative advantage in the production of any good. C) the United States cannot have a comparative advantage in the production of any good. D) trade with Brazil will clearly lower wages in the United States.