When the economy is at full employment:
A. one cannot generalize in comparing the actual and the cyclically adjusted budgets.
B. the cyclically adjusted budget will show a surplus and the actual budget will show a deficit.
C. the actual budget will show a surplus and the cyclically adjusted budget will show a deficit.
D. the actual and the cyclically adjusted budgets will be equal.
D. the actual and the cyclically adjusted budgets will be equal.
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If the interest rate is positive, the present value of $1000 to be received in ten years is
A. equal to $1000. B. either greater than $1000 or less than $1000, depending upon the interest rate C. less than $1000. D. greater than $1000.
Injunctions are good remedies for problems where damage has already occurred.
Answer the following statement true (T) or false (F)