Historically, the most important cause of government budget deficits is
a. cutting taxes.
b. printing up too much money.
c. financing wars.
d. electing liberal politicians.
e. business cycles.
C
You might also like to view...
Panel (a) in Figure 6.1 depicts
a. low interest elasticity of money demand. b. high interest elasticity of money demand. c. no interest elasticity of money demand, which is the same as Panel (b). d. None of the above
Young male adults provided the single largest group of migrants. This helped increase human capital in the U.S
Indicate whether the statement is true or false
Which of the following persons is NOT considered a part of the labor force?
A) Mary, who has a part-time job as a day care specialist B) Lones, an unemployed mechanic looking for a new job C) Jameson, an accountant who has been temporarily laid off during the holiday season D) Desire, a wealthy hedge fund manager who just took early retirement E) Lucy, who works 20 hours a week in her father's restaurant for no pay
When the price of a pizza decreases from $12 to $10, it is definitely the case that the
A) income effect means people buy less pizza. B) substitution effect means people buy more pizza. C) quantity demanded of pizza will not change. D) None of the above answers is correct.