From 1977 to 2015, what year had the largest budget deficit?
a. 1999
b. 2000
c. 2009
d. 2015
c. 2009
You might also like to view...
According to aggregate demand and supply analysis, the rising oil prices coupled with the global financial crisis in 2007-2008 caused the unemployment rate to ________ and the level of real aggregate output to ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
The "new classical" economics took advantage of the disarray and partial eclipse of Keynesian economics to reestablish macro model-building based on the assumption of price ________ and market ________
A) flexibility, clearing B) flexibility, non-clearing C) stickiness, clearing D) stickiness, non-clearing
Chelsea was a manager at a vinyl records store who recently quit because she felt the recent popularity of vinyl is a current fad that will eventually fade away. She is now actively looking for a job in the hospitality industry. Chelsea is considered:
A) Frictionally Unemployed B) Cyclically Unemployed C) Structurally Unemployed D) Not in the labor force
The purchasing power parity theory of exchange rate determination states that
A. in the short run, rates will adjust to parity. B. in the long run, the rate reflects differences in price levels between the two countries. C. in the long run, a government agency sets the rate at parity. D. in the short run, the cost of labor really sets the exchange rate.