Government outlays include all of the following EXCEPT
A. dividend payments.
B. spending on the military.
C. letterhead stationery.
D. electricity for the Capital Building.
Answer: A
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The difference between the federal budget deficit and the national debt is that the:
a. deficit is a stock variable and the debt is a flow variable. b. deficit is a flow variable and the debt is a stock variable. c. debt includes interest payments and the deficit does not. d. deficit can be positive, but the debt can not e. debt can be negative, but the deficit cannot.
A result of the Asian Crisis of 1997-1998 was
A. Political stability in many Southeast Asian countries. B. An increase in the value of Southeast Asian currencies relative to the U.S. dollar. C. A major increase in the level of U.S. exports to Southeast Asia. D. An increase in the value of the U.S. dollar relative to Southeast Asian currencies.
Refer to the graph shown. From 1929 to 1933 the money supply fell in the United States by 40 percent. The effect of this on the AD curve is best shown by a movement from:
A. A to B. B. A to C. C. A to D. D. B to A.
Refer to the diagram, assuming that the firm represented is operating on curve TC 0 . If the user cost increases by $20 at the beginning of the year, the quantity extracted in the first year will:
A. remain unchanged.
B. decline by 250.
C. decline by 500.
D. decline by 1,000.