If the federal government runs a budget _______, then the national debt becomes __________
a. surplus, larger
b. deficit, smaller
c. surplus, smaller
d. none of the above
c
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The Central Bank of Baltonia decided to lower the interest rate that banks use to make loans to each other when the growth rate of Baltonia's output fell. What will be the effect of this policy on Baltonia's economy?
What will be an ideal response?
For much of the history of aid, ____________ has been a driving force in decisions about how much to give in foreign aid.
A. the finance gap of receiving countries B. the opportunity cost of investing in developing nations C. the interest rate in the home country D. political strategy
Which of the following is not one of the basic economic questions that all economies must answer?
What will be an ideal response?
The cross-price elasticity of demand between telephones and ramen noodles is most likely:
A. positive. B. negative. C. zero. D. greater than one.