Which of the following statements has usually held TRUE about the relationship between the trade deficits and government budget deficits?
A) There is a negative relationship between trade deficits and budget deficits.
B) There is a positive relationship between trade deficits and budget deficits.
C) There is no relationship between trade deficits and budget deficits.
D) A relationship exists only when there is a balanced budget.
B
Economics
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As the economy recovers from a recession, we should expect that demand for:
a. inferior goods will fall and demand for non-inferior goods will rise. b. all goods will rise. c. inferior goods will rise and demand for non-inferior goods will fall. d. all goods will fall. e. complements will fall.
Economics
Which diagram in Figure 15.1 best represents the Keynesian view of investment demand when monetary policy is effective?
A. a. B. b. C. c. D. d.
Economics