If the deficit is increasing because of the effects of automatic stabilizers, _____
a. the budget is annual balanced
b. the economy is contracting
c. the annual deficit will approach zero
d. the budget is cyclically balanced
e. the economy is growing
b
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If an event has three possible outcomes, A, B, and C, and the probability of event A occurring is 0.20, the probability of event B occurring is 0.20, the probability of event C occurring is ________.
A) 0.20 B) 0.60 C) 1.00 D) 0.30
M2 money includes all but which one of the following?
a. Checkable deposits. b. Savings accounts. c. Large repurchase agreements. d. Money market mutual accounts. e. Small time deposits.
International trade is possible in part through:
A) inefficiently employing resources. B) restricting the rate of growth of output. C) generalization in the production of all goods. D) specialization in the production of goods.
Perfect competitors operate at peak efficiency in
A. both the short run and the long run. B. neither the short run nor the long run. C. only the short run. D. only the long run.