A government runs a deficit when its government revenues exceed expenditures
Indicate whether the statement is true or false
False (It runs a surplus.)
Economics
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Playing the game in Scenario 13.12 by using a maximin strategy would
A) not change the equilibrium from the equilibrium of the original game. B) change the equilibrium to (R1,C2 ). C) change the equilibrium to (R2,C1 ) if R moved first. D) change the equilibrium to (R2,C1 ) if C moved first. E) change the equilibrium to (R2,C2 ).
Economics
The idea that supply creates its own demand is known as
A) the law of supply. B) the law of demand. C) Keynes' law. D) Say's law.
Economics