The trend followed by the annual federal budget deficits and surpluses as a percentage of GDP during the 1990s and 2000 . reveals:
a. large deficits in the early 1990s
b. surpluses in the early 1990s.
c. a balanced budget in the early 2000s.
d. surpluses in the late 2000s.
a
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Price ceilings are designed to protect sellers, while price floors are designed to protect buyers.
Answer the following statement true (T) or false (F)
A bank run __________ possibly mushroom into a bank panic because the quality of a bank's portfolio of loans __________ made public information by bank examining agencies
A) can; is B) can; is not C) cannot; is D) cannot; is not
Socialism
What will be an ideal response?
Refer to the graph shown. If the price level is P1 the:
A. aggregate demand curve will shift to the left in the long run to restore equilibrium. B. short-run aggregate supply curve will shift up (to the left) in the long run to restore equilibrium. C. short-run aggregate supply curve will shift down (to the right) in the long run to restore equilibrium. D. aggregate demand curve will shift to the right in the long run to restore equilibrium.