The last U.S. president to be in office when the government had a budget surplus was
A) George H. Bush.
B) Dwight D. Eisenhower.
C) Ronald Reagan.
D) George W. Bush.
E) Bill Clinton.
E
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The phone bill for a company consists of both fixed and variable costs. Refer to the four-month data below and apply the high-low method to answer the question. Minutes Total Bill January 480 $4000 February 200 $2700 March 170 $2640 April 320 $2855 What is the fixed portion of the total cost?
According to the liquidity preference theory, the demand for money is ________ related to aggregate output and ________ related to interest rates
A) negatively; negatively B) negatively; positively C) positively; negatively D) positively; positively
The deficit in the U.S. current account in recent years has been reinforced by a deficit in the U.S. capital account
Indicate whether the statement is true or false
When quantity supplied is greater than quantity demanded
A. there is excess demand that is not being satisfied. B. price will rise until it gets back to equilibrium. C. price will fall until it gets back to equilibrium. D. the market is in equilibrium.