The gap between Federal expenditures and Federal revenues after 1980 was caused primarily by
A) the recessions which occurred in the 1980s.
B) a substantial decrease in Federal revenues.
C) a substantial increase in Federal expenditures.
D) rising interest rates which made caused investment and growth to collapse.
C
Economics
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The presence of transactions costs and information costs
A) lowers the cost of funds to borrowers. B) raises the expected return to lenders. C) lowers the expected return to lenders. D) increases the efficiency of the financial system.
Economics
Using the midpoints formula, what would be price elasticity of demand for a gallbladder operation if the number of operations fell from 6,000 to 4,000 per week after its price increased from $6,000 to $10,000?
a. 0.25. b. 0.50. c. 0.80. d. 1.25
Economics