When spending by the federal government exceeds net taxes, _____
a. the price level tends to fall
b. the money supply must fall
c. the aggregate demand curve shifts rightward
d. aggregate supply moves rightward
e. there is a federal budget surplus
c
You might also like to view...
During the late 1960s, U.S. defense spending increased as the United States fought in Vietnam. This increase in government expenditure on goods and services most likely created
A) an inflationary ga
The figure above shows the market for annual influenza immunizations the United States. Area B is the
A) gain in efficiency from the illustrated subsidy. B) remaining deadweight loss when there is the illustrated subsidy. C) deadweight loss when there is not the illustrated subsidy. D) equilibrium with the illustrated subsidy. E) loss in efficiency from the illustrated subsidy.