A government may decide that by running large budget deficits it can make crucial long-term investments in human capital and physical infrastructure that will build the long-term __________________ of a country.
a. effectiveness
b. profitability
c. employment
d. productivity
d. productivity
You might also like to view...
When tax revenues exceed the government's outlays, the budget
A) has a surplus and the national debt is decreasing. B) is balanced and the national debt is decreasing. C) has a deficit and the national debt is increasing. D) has a surplus and the national debt is increasing. E) None of the above because by law tax revenue cannot exceed the government's expenditures.
Maryanne expects to work for another 30 years and expects to live another 10 years after she retires
If Maryanne completely smooths consumption over her lifetime, for every $1,000 increase in disposable income, she will use ________ for consumption each year. A) $100 B) $333 C) $667 D) $750
If inflation had long been 4% and was therefore expected to continue, then it unexpectedly increased to 7% inflation: a. the real interest rate on loans issued just before the change occurred would decrease by three percentage points. b. the real interest rate on loans issued just before the change occurred would increase by three percentage points. c. the real interest rate on loans issued
just before the change occurred would not change. d. none of the above.
A tax on buyers will cause the ________ schedule to shift ________.
A. demand, left B. supply, left C. demand, right D. supply, right