The economy starts out with a balanced Federal budget. If the government then implements expansionary fiscal policy, then there will be a:
A. Trade deficit
B. Trade surplus
C. Budget deficit
D. Budget surplus
C. Budget deficit
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How would the Fed's changing the discount rate affect the money supply?
What will be an ideal response?
When two variables repeatedly change at the same time, there must be a causal relationship between them
a. True b. False Indicate whether the statement is true or false
A zero percent unemployment rate
A) is the only efficient unemployment rate. B) is one of the economic goals of the Canadian government. C) is not consistent with the notion of full employment. D) was last achieved during World War II when everyone was willing to work at the going wage rate to end the war. E) would alleviate scarcity
If the price of chili increases, there will be ________ of chili cheese fries.
A. an increase in the supply B. a decrease in the quantity supplied C. a decrease in the supply D. an increase in the quantity supplied