When government revenues exceed government outlays in a particular year, this is called
A) a budget surplus.
B) a budget deficit.
C) the national debt.
D) fiscal policy.
A
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"The level of employment in an economy determines its real GDP, other things held constant." Do you agree or disagree? Why? What assumptions are necessary for your conclusion based on the classical model?
What will be an ideal response?
If Veronica withdraws $1,500 from her checking account and deposits it in her savings account, then M1 will ________ and M2 will ________
A) decrease; increase B) increase; not change C) decrease; not change D) not change; not change
The use of a two-part price in a regulated natural monopoly
A) maximizes the deadweight loss. B) allows the firm to maximize profits. C) may make it possible for the firm to obey a marginal cost pricing rule and not go out of business. D) All of the above answers are correct.
Interest is the payment for the use of funds used to produce capital.
Answer the following statement true (T) or false (F)