For the federal deficit to be lowered,
A) the federal government must decrease its spending and increase net exports.
B) the federal government's expenditures must be lower than its tax revenue.
C) the Federal Reserve must reduce the money supply.
D) the Federal Reserve must raise interest rates and lower the required reserve ratio.
B
Economics
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Explain the difference between economic growth and stability. Can a country experience both at the same time? Why or why not?
What will be an ideal response?
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To eliminate a recessionary gap, the expenditure schedule should be
a. shifted downward. b. shifted upward. c. made steeper. d. made flatter.
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