Water is plentiful in most of the world, so its price and total utility are low

Define the term budget deficit (as it applies to the federal government) and describe the difference between a cyclical deficit and a structural deficit. Provide a hypothetical numerical example to help support your answer

The quantity theory of money of the Classical economists says that a change in the money supply will produce a:

A. proportional change in the price level. B. greater than proportional change in the price level. C. less than proportional change in the price level. D. wide variation in the velocity of money.