If the federal budget deficit declines, the national debt

A. will definitely go down.
B. may go down.
C. will definitely go up.
D. may go up.


C. will definitely go up.

Economics

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The marginal propensity to consume (MPC) is equal to

A) 1 + MPS. B) 1 - MPS. C) MPS + 1. D) MPS - 1.

Economics

Which of the following is an example of a durable good?

a. food prepared at home b. food eaten at a restaurant c. high-fashion clothing d. binoculars e. motor oil

Economics

If aggregate demand shifts right, then eventually price level expectations rise. The increase in price level expectations causes the short-run aggregate-supply curve to shift to the left

a. True b. False Indicate whether the statement is true or false

Economics

When the Fed adopts an expansionary monetary policy, _____

Fill in the blank(s) with the appropriate word(s).

Economics