In the current debate over fiscal policy, advocates of returning to significant budget surpluses
A) contended that the economic miracle of the late 1990s caused the budget surpluses.
B) think that tax cuts will benefit the wealthy.
C) believe that tax cuts will continue the dependence of the United States on borrowing from foreigners.
D) All of the above.
D
Economics
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According to the circular flow diagram, the dollar value of a nation's output is equal to
A) profits. B) total income. C) net income minus taxes. D) wages.
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The total cost schedule shows the relationship between different amounts of inputs and the resulting level of output
Indicate whether the statement is true or false
Economics