Compared to earlier times, the period of the 1950s to the early 1960s was one characterized by
(a) temporary deficit spending of the government.
(b) permanent deficit spending of the government.
(c) temporary surplus spending of the government.
(d) permanent surplus spending of the government.
(b)
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The real interest rate
A) can never be negative. B) is approximately equal to the nominal interest rate plus the inflation rate. C) is approximately equal to the nominal interest rate minus the inflation rate. D) is positively related to the inflation rate.
A continuing resolution is: a. an agreement that requires Congress to balance the budget on an annual basis
b. an agreement that allows Congress to have too much control over the budgetary process. c. an agreement that allows agencies to spend at the rate of the previous year's budget. d. a decision made by congressional committee about the federal spending and revenue levels for five years. e. a guaranteed benefit for those who qualify for government transfer programs.