A budget deficit ________
A) may have stimulative effects on economic activity in the short run
B) contributes to lower interest rates in the long run
C) is likely to increase future productive capacity in the long run
D) all of the above
E) none of the above
A
Economics
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A decline in the money ________ shifts the LM curve to the ________, causing the interest rate to rise and output to fall, everything else held constant
A) demand; right B) demand; left C) supply; right D) supply; left
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Which of the following cost curves always declines continuously as output increases?
a. ATC b. AVC c. AFC d. MC e. TC
Economics