Since 1940 the US Government has generally had a budget:
A. surplus.
B. that has been balanced
C. multiplier.
D. deficit.
D. deficit.
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A firm must devote people, time, and money to designing a new product. Because any firm has only limited resources, it
A) faces a trade-off, because resources used to develop one product will not be available to develop another product. B) should wait until its competitors develop a similar product before deciding on devoting resources to its own product development. C) is not able to develop more than one new product at a time. D) must be certain that the product it chooses to develop will be successful or it will not be able to stay in business.
If the demand for Home exports decreased abroad, the Home fall in output would be greatest
A) if the decrease was temporary and the exchange rate was fixed. B) if the decrease was temporary and the exchange rate was floating. C) if the decrease was permanent and the exchange rate was fixed. D) if the decrease was permanent and the exchange rate was floating. E) if the decrease was permanent and the exchange rate was high.
If the national output cannot be increased unless the productive capacity or potential GDP increases, the aggregate supply curve is:
a. downward-sloping. b. U-shaped. c. vertical. d. upward-sloping. e. horizontal.
A major criticism of foreign aid to developing nations is that it:
A. Is capital saving rather than capital intensive B. Provides incentives for a brain drain C. Encourages corruption and misuse of funds D. Gives too much power and control to the International Monetary Fund