Over the last four decades the U.S. had
A. only balanced budgets.
B. only surpluses.
C. only deficits.
D. both deficits and surpluses.
D. both deficits and surpluses.
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Can economic analysis precisely determine the proper levels of government spending and taxation? In your answer explain the problems in using cost-benefit analysis
Please provide the best answer for the statement.
The understanding of why an economy is contracting during slowdowns and how to recommend appropriate policies is studied under:
A) macroeconomics. B) microeconomics. C) agricultural economics. D) international economics.
Which of the following is not a reason for the downward slope of an aggregate demand curve?
a. Real balances effect. b. Real interest-rate effect. c. Net exports effect. d. All of these are reasons.
Suppose statistical surveys indicate that new orders for manufactured goods and new building permits for single-family homes are declining and that business inventories are rising. This implies economic activity is slowing down and the economy is potentially entering a recessionary period
a. True b. False Indicate whether the statement is true or false