The federal government has a Constitutional requirement to operate a balanced budget each fiscal year
Indicate whether the statement is true or false
FALSE
You might also like to view...
When we try to measure real GDP and the price level, if we underestimate the growth in real GDP, we will
A) always underestimate the rate of inflation. B) sometimes underestimate the rate of inflation. C) always overestimate the rate of inflation. D) sometimes overestimate the rate of inflation.
During the era from 1880 to 1920, the U.S. economy experienced a rise in big business, an expansion in industry and increased concentration in both
Indicate whether the statement is true or false
Wendell just read an article that says scientists have proven that processed cheese food increases brain power. We would expect Wendell's demand for processed cheese food to:
A. increase and shift to the right. B. increase and shift to the left. C. decrease and shift to the right. D. decrease and shift to the left.
If the money rate of interest is 12 percent and the real rate of interest 7 percent, the inflationary premium is
a. 5 percent. b. 7 percent. c. 12 percent. d. 19 percent.