The largest increase in the federal budget deficit during the following periods was from
A. 1974-1977.
B. 1977-1980.
C. 1980-1983.
D. 1983-1986.
C. 1980-1983.
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Exhibit 7-16 Long-run average cost curves
Which firm in Exhibit 7-16 displays a long-run average cost curve with economies of scale throughout the range of output shown?
A. Firm A. B. Firm B. C. Firm C. D. Firms A and B.
If Mexico experiences a period of stable prices while the United States experiences rapid inflation, what will happen in Mexico?
A. An increase in aggregate supply B. A decrease in aggregate supply C. A decrease in aggregate demand D. An increase in aggregate demand
If a country's saving rises, then either its investment or its net capital outflow rises (or both)
a. True b. False Indicate whether the statement is true or false
Simple majority rule will almost always generate efficient outcomes
Indicate whether the statement is true or false