When government spending is less than the tax revenues during a specific time period, this is known as a
A. government budget deficit.
B. government budget surplus.
C. balanced budget.
D. public debt.
Answer: B
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According to the scenario above, in which of the following groups are all the people structurally unemployed?
A) Thorton B) Jung C) Thorton and Darrelo D) Darrelo and Thorton E) Rita, Armondo, and Chris
Open market operations are defined as
A) a bank borrowing from the Fed. B) the buying and selling of securities by the Fed. C) the buying and selling of securities between banks. D) the amount banks can lend on each deposit. E) a bank making a loan to the Fed.
A small open economy increases its investment demand. This causes the world real interest rate to ________ and the country's current account balance to ________
A) rise; fall B) remain unchanged; rise C) rise; rise D) remain unchanged; fall
A monopolist with constant average and marginal cost equal to 8 (AC = MC = 8) faces demand Q = 100 - P, implying that its marginal revenue is MR = 100 - 2Q. Its profit maximizing quantity is
a. 8 b. 46 c. 50 d. 92