Which of the following statements best describes balanced budget amendments?
a. A balanced budget amendment allows small, temporary deficits that might, in some cases, be necessary.
b. A balanced budget amendment prevents even small, temporary deficits that might, in some cases, be necessary.
c. A balanced budget amendment allows large, temporary deficits that might, in some cases, be necessary.
d. A balanced budget amendment prevents large, temporary deficits that might, in some cases, be necessary.
b. A balanced budget amendment prevents even small, temporary deficits that might, in some cases, be necessary.
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Specialization allows a society to produce ________ goods.
A. the same amount of B. fewer C. new D. more
What matters to people is the real value of money or income
Indicate whether the statement is true or false
Pineapple growing is a perfectly competitive industry. How does the market demand curve for pineapples compare to the demand curve for an individual pineapple grower?
What will be an ideal response?
The Bureau of Labor Statistics counts as employed people who work part-time, but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed
Explain how the unemployment rate and the labor force participation rate would change.