The government budget deficit, ________, is ________ when saving exceeds domestic investment
A) (T - G), created
B) (T - G), partially financed
C) (G - T), created
D) (G - T), partially financed
B
Economics
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Automatic stabilizers are so-named because
A) they are automatically undertaken by the Federal Reserve Bank to reduce budget deficits. B) they occur automatically when real GDP changes. C) the policy suggestions of the Council of Economic Advisors are automatically followed. D) the policy suggestions of the Office of Management and Budget are automatically followed.
Economics
Real GDP equals nominal GDP
a. minus exports. b. corrected for changes in the price level. c. minus personal income taxes. d. minus retail sales taxes.
Economics