The large increases in the deficit during the 1980s in the United States were associated with
A) large increases in public saving.
B) no change in public saving.
C) large increases in private saving.
D) all of the above
E) none of the above
E
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Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
Beautification of the national highways through the planting of shrubs and wildflowers will
A) be profitable for a private landscaping company because they can charge passing drivers. B) benefit even people who do not help pay. C) provide a flow of services that are rival in consumption. D) provide a flow of services that involve excludable consumption.
The problem of moral hazard has led
A) the governments of many developing countries to guarantee repayment of all loans. B) to higher growth rates in Latin America. C) to excessively speculative investment. D) to both privilege and responsibility of creditors. E) to stable investments with small and steady expected gains.
The fear of making decisions, a form of helplessness, is termed:
a. Agoraphobia b. Decidophobia c. Ultraphobia d. Claustrophobia