When does a government run a budget surplus?
What will be an ideal response?
When the government's tax revenues exceed its spending in a time period (for example, a year), the government is said to be running a budget surplus.
Economics
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Public policy
a. can reduce both frictional unemployment and the natural rate of unemployment. b. can reduce frictional unemployment, but it cannot reduce the natural rate of unemployment. c. cannot reduce frictional unemployment, but it can reduce the natural rate of unemployment. d. cannot reduce either frictional unemployment or the natural rate of unemployment.
Economics
Is there any common characteristic shared by government-inhibited goods and government-sponsored goods? Explain briefly
What will be an ideal response?
Economics