When the government's expenditures exceed its revenues...
What will be an ideal response?
-it needs to borrow
-it incurs a budget deficit
-the federal government debt increases
Economics
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The LM curve shows that, with a fixed supply of money, as GDP rises, the demand for money will ____ and the rate of interest will ____.
A) rise; rise B) fall; fall C) rise; fall D) fall; rise
Economics
In a repeated prisoner's dilemma situation, cooperation can be achieved _____
a. if player A cooperates as long as player B cooperates b. if player A continually defects on player B c. if player A cooperates regardless of what player B does d. never
Economics