The relationship between the government deficit and the change in the monetary base is
A) deficit equals change in government debt held by the public minus change in monetary base.
B) deficit equals change in government debt held by the public plus change in monetary base.
C) deficit equals change in government debt outstanding plus change in monetary base.
D) deficit equals change in government debt outstanding minus change in monetary base.
B
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Inputs, or factors of production, include
A. labor. B. machinery. C. natural resources. D. All of the responses are correct.
Given a fixed upsloping AS curve, a rightward shift of the AD curve will ________.
A. increase both the price level and real output B. cause cost-push inflation C. increase the price level but not real output D. increase real output but not the price level
Monetary policies in modern economies mainly target the money: a. held by people as cash
b. in the banking system. c. held by the government. d. that flows into the economy because of international trade.
Sonja paid $15,000 in taxes after having earned $100,000 . Amanda paid $22,000 in taxes after having earned an income of $146,667.This is an example of a proportional tax
a. True b. False Indicate whether the statement is true or false