If the government of a country with a zero trade balance started with a budget deficit and moved to a budget surplus, domestic investment would
a. rise and there would be a trade surplus.
b. rise and there would be a trade deficit.
c. fall and there would be a trade surplus.
d. fall and there would be a trade deficit.
a
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It has been hypothesized that the productivity slowdown could have been caused by all of the following except
a. lower worldwide money growth. b. lower technology growth. c. higher oil prices. d. increased government regulation.
The distinction between productivity levels and productivity growth rates is theoretical and has no practical application.
Answer the following statement true (T) or false (F)
If the minimum wage is set at a level above the equilibrium wage:
A. it will have no effect. B. it could cause unemployment. C. it will be a nonbinding minimum wage. D. All of these are true.