Suppose that we reduce the federal budget deficit (in billions of dollars) in year 1 from 300 to 150 and in year 2 from 150 to 50. During these two years the national debt will

People who are working up to 34 hours per week but would like to work more are considered

A) involuntary part-time workers. B) discouraged workers. C) job leavers. D) job seekers. E) unemployed.

When the price level falls, consumers may feel wealthier and the consumption function will shift upward.

Answer the following statement true (T) or false (F)