In practice, the Fed's policy of targeting ________ in the 1960s proved to be ________, destabilizing the economy

When tax revenue exceed the government's outlays, the budget

A) has a deficit and the national debt is increasing. B) is balanced and the national debt is decreasing. C) has a surplus and the national debt is decreasing. D) has a surplus and the national debt is increasing. E) None of the above because by law tax revenue cannot exceed the government's expenditures.

A situation in which a worker can be hired without being in a union but has to join a union after a specified period of time is a

A) closed shop. B) union shop. C) open shop. D) restricted shop.