An annually balanced budget:
a. is the surest path to economic stability
b. is required by the U.S. Constitution.
c. dampens cyclical swings by decreasing government spending during expansions and increasing it during recessions.
d. accentuates cyclical swings by increasing government spending during expansions and reducing it during recessions.
e. is a goal that has only been achieved twice in the past 5 years.
d
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Why might two Fortune 500 companies borrow the same amount of money for the same term at the same time yet both pay a very different interest rate even when the same banks makes both loans?
What will be an ideal response?
An important determinant of the amount of grains harvested next year by Ethiopian farmers is the amount of seeds planted this year
Given that Western nations have guaranteed to donate five hundred tons of grain next year, this year the Ethiopian farmers will: A) plant more seeds as the food aid establishes a minimum price for grain. B) plant more seeds as the farmers' confidence is restored. C) plant the same amount of seeds as they would have without the food aid. D) plant fewer seeds as consumers demand for grain is completely price elastic. E) plant fewer seeds as the price of grain will be lower with the food aid.