An increase in government budget deficits will necessarily be associated with an worsening of the current account balance

What does the slope of the budget line equal?

What will be an ideal response?

Deflation:

a. is often a result of increases in the money supply. b. is good for borrowers, but bad for lenders. c. is good for lenders, but bad for borrowers. d. cannot occur under a bimetallic standard.