Suppose the government has a $1.2 trillion budget deficit. If the government borrows $1.2 trillion to finance this deficit and finances the rest by printing money, the amount of new money created will be
A) $0. B) $600 billion. C) $1.2 trillion. D) $2.4 trillion.
A
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How would a widespread adoption of credit cards affect the demand for money and the demand for money curve?
What will be an ideal response?
The above figure shows a graph of a market for pizzas in a large town. At a price of $10, the market
A) is not in equilibrium. B) has excess supply. C) does not have excess demand. D) All of the above.
In the United States, the marginal tax rate on individual federal income tax
a. decreases as income increases. b. increases as income increases. c. is constant at all income levels. d. applies only to payroll taxes.
What did Malthus believe would be the ultimate result of population growth?
a. technological innovation and a higher standard of living b. rapidly fluctuating economic growth c. positive per capita economic growth d. wages that were at a subsistence level