During which years, if any, did the country have a balanced budget?
A) 2008 and 2009
B) 2012 only
C) 2011 only
D) 2010 and 2012
E) all except 2011
C
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What will be an ideal response?
In the two-period model with asymmetric information, a one-unit increase in the real rate of interest on bank deposits
A) causes the real loan interest rate to increase by more than one unit. B) causes the real loan interest rate to increase by less than one unit. C) cause the real loan interest rate to decrease by less than one unit. D) causes the real loan interest rate to decrease by more than one unit.
Explain the events that triggered the Debt Crisis and the Lost Decade
What will be an ideal response?
A proportional income tax is a tax that taxes income at a constant rate
Indicate whether the statement is true or false