Which of the following is true of fiscal spending at the federal, state, and local levels of the U.S. government?
a. In 2009, total government spending equalled around $1 billion.
b. Investment expenditure in the U.S. exceeds the total spending at all levels of government.
c. Government spending at federal, state, and local levels declined steadily from the 1960s until about 1980.
d. Through the 1950s and 1960s, the U.S. government maintained a balanced budget.
e. Federal government spending exceeds state and local government spending in the U.S.
d
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A decrease in both supply and demand will lead to a decrease in equilibrium quantitY
a. true b. false
The currency value of Agraria is set by government decree. Which of the following happens when the government alters the exchange rate so that its currency can buy more units of foreign currency?
a. Reflation b. Devaluation c. Appreciation d. Revaluation