If G = T, then regardless of whether there is unemployment or inflation (or both), the budget is
a. balanced even though the economy may not be in equilibrium
b. in deficit
c. in surplus
d. contractionary
e. balanced and the economy is in equilibrium
A
Economics
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Governments often subsidize activities that generate positive externalities in order to get people to engage in more of them
a. True b. False
Economics
A major reason for the development of money market mutual funds in the 1970s was that: a. open-market operations were suspended
b. bank deposit rates were capped at levels below market interest rates. c. money market funds offered more flexible checking privileges than banks. d. they were considered to be safer than banks. e. money markets did not exist until 1970.
Economics