Structural budget deficit is the hypothetical deficit we would have under current fiscal policies if the economy were operating near full employment.
Answer the following statement true (T) or false (F)
True
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If a firm in a perfectly competitive market faces a market price of $8, and it decides to increase its production from 300 units to 550 units, the firm's total revenue will:
A. stay the same at $8. B. decrease from $4,400 to $2,400. C. increase from $2,400 to $4,400. D. likely rise, but it cannot be determined by how much.
According to the graph shown, if the government decides to increase its spending, it is most likely at point:
A. C B. D C. B D. It's impossible to tell without more information.
If 1 dollar is equal to 5 Swedish kroner, the dollar price of a kroner is
A. $.20. B. $1.20. C. $.50. D. $.05.
A movement from point J to point M would represent
A. an increase in consumer goods, but not capital goods.
B. an increase in capital goods, but not consumer goods.
C. an increase in both capital goods and consumer goods.
D. no increase in either capital goods or consumer goods.