In the United States for the year 2014, the federal government had a ________ so the national debt was ________
A) budget deficit; increasing
B) balanced budget; not changing
C) budget surplus; decreasing
D) budget deficit; decreasing
E) budget surplus; increasing
A
Economics
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The aggregate supply curve is vertical at the level of real GDP that corresponds to the natural rate of unemployment
a. True b. False Indicate whether the statement is true or false
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In the kinked-demand model of noncollusive oligopoly, if one firm increases its price, the most likely reaction of the other firms will be to:
A. increase their prices. B. decrease their prices. C. not change their prices. D. fix prices.
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