Other things the same, if the government reduced its budget deficit, the country's trade balance would rise
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Based on the above figure of the costs at Barney's Bagel Bakery, at which level of output will diminishing marginal returns first occur?
A) at 1 bagel B) at 500 bagels C) at 2000 bagels D) at 3000 bagels
The basic money supply:
A. Is controlled by Congress and the U.S. Treasury. B. Includes savings accounts. C. Includes currency and transactions accounts. D. Includes money market mutual funds.
If the dollar depreciates, it will cause ______.
a. an increase in exports and a decrease in imports b. a decrease in exports and an increase in imports c. a decrease in both imports and exports d. an increase in both imports and exports
Why does the short-run aggregate supply curve shift to the left in the long run, following an increase in aggregate demand?
A) Workers and firms adjust their expectations of wages and prices downward and they accept lower wages and prices. B) Workers and firms adjust their expectations of wages and prices downward and they push for higher wages and prices. C) Workers and firms adjust their expectations of wages and prices upward and they push for higher wages and prices. D) Workers and firms adjust their expectations of wages and prices upward and they accept lower wages and prices.