We can infer that the government is following a restrictive fiscal policy when
A) the actual deficit falls.
B) the natural employment deficit falls.
C) the actual deficit rises.
D) the natural employment deficit rises.
B
Economics
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The supply curves for labor and capital are ________ and the demand curves for labor and capital are ________
A) upward sloping; downward sloping B) vertical; horizontal C) vertical; downward sloping D) upward sloping; vertical
Economics
Only when the goods market is in equilibrium is it true that ________
A) actual expenditure equals output B) the amount of goods and services produced equals actual expenditure C) planned expenditure equals the amount of goods and services produced D) demand for foreign goods equals foreigners' demand for domestic goods E) none of the above
Economics