Historically, the U.S. government seems to have ________
A) run budget surpluses as often as budget deficits
B) generally spent less than what it collected in taxes each year
C) had difficulty running budget surpluses
D) not needed to borrow to finance wars
E) none of the above
C
Economics
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Which of the following will NOT occur in the short run when the money supply decreases?
A) The interest rate will increase. B) The price level decreases. C) People will buy fewer goods and services. D) Aggregate supply decreases.
Economics
The figure above shows an education market in which the government is providing households with vouchers. What is the dollar value of a voucher in this market?
A) $4,000 B) $8,000 C) $12,000 D) $16,000 E) None of the above answers is correct.
Economics