The federal government budget deficits of the late 2000s were driven by:
a. foreign trade deficits.
b. increases in government spending.
c. declines in tax rates and tax revenue.
d. excessive money growth.
e. both b and c.
E
Economics
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A year over year ________ in the buying power of money means that definitely ________ from one year to the next
A) decrease; the price level increased B) increase; inflation increased C) decrease; inflation increased D) increase; the price level increased E) Both answers A and C are correct.
Economics
In the classical view of the credit market, a rise in saving produces a rise in investment via a
A) rising interest rate. B) falling interest rate. C) rising price level. D) falling price level.
Economics