Tax cuts associated with supply-side economics often lead to increased

A. federal budget surpluses.
B. federal budget deficits.
C. foreign trade surpluses.
D. government spending.

Answer: B

Economics

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Explain whether it is possible for a country to have an absolute advantage in the production of a product without having a comparative advantage in the production of that product

What will be an ideal response?

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Which of the following is likely to happen due to quantitative easing by the Fed?

A) A rightward shift of the demand curve for bank reserves B) A leftward shift of the supply curve of bank reserves C) A leftward shift of the demand curve for bank reserves D) A rightward shift of the supply curve of bank reserves

Economics