In 2008, Australia had a government budget surplus of $21.7 billion. This budget surplus shifts the demand for loanable funds curve ________
A) leftward and lowers the real interest rate.
B) leftward and creates a crowding-out effect.
C) rightward and creates a crowding-out effect.
D) rightward and creates a Ricardo-Barro effect.
A
Economics
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Social Security is structured as a pay-as-you-go system, meaning that payments to current retirees are paid
A) from taxes collected from retired workers. B) as long as the government has funds available. C) from taxes collected from current workers. D) by the Federal Reserve from newly-printed money.
Economics
An import quota protects domestic producers by
A) setting a limit on the amount of imports. B) placing a prohibitive tax on imports. C) encouraging competition among domestic producers. D) increasing the total supply of the product.
Economics