The governement's budget constant shows that a government has ______ way(s) to finance a budget deficit, these ways are
Fill in the blank(s) with the appropriate word(s).
Answer: two; borrowing by issuing (selling) bonds or printing money.
Economics
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With the assumption that some voluntary exchanges that would make both parties better off are somehow being blocked, we have the basis for a ________ macroeconomic model, such as those constructed by ________ economists
A) non-market-clearing, New Keynesian B) non-market-clearing, New Classical C) market-clearing, New Keynesian D) market-clearing, New Classical
Economics
According to real business cycle theory
A) monetary policy is driving business cycles. B) Federal Reserve actions need to be watched closely. C) technology shocks have a major role in business cycles. D) cash-in-advance is necessarily to explain business cycles.
Economics