The Budget Act of 1990 aimed at reducing the federal deficit by a total of about $______ billion over the period 1991-95.
Fill in the blank(s) with the appropriate word(s).
490 or 500
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In the decades leading to the Civil War __________ supported high protective tariffs.
A. both the North and the South B. neither the North nor the South C. only the North D. only the South
According to the efficient markets hypothesis, the difference between today's price for a share of stock and tomorrow's price is
A) predictable given currently available information. B) equal to today's price minus yesterday's price. C) unforecastable. D) zero.
Refer to the data. The national income is:
Answer the question on the basis of the following national income data for the economy. All figures are in billions of dollars.
A. $561.
B. $573.
C. $580.
D. $530.
Refer to the diagram for a private closed economy. The equilibrium GDP is:
A. $60 billion.
B. $180 billion.
C. between $60 and $180 billion.
D. $60 billion at all levels of GDP.