Historical note: Until 1975, the United States' balance of trade was characterized by
a. moderate deficits
b. huge deficits
c. moderate surpluses
d. high volatility, that is, dramatic ups and downs (positives and negatives)
e. zero balance or equilibrium
C
Economics
You might also like to view...
In any given year, many people at the tails of the income distribution are only there temporarily _____
a. because of changes in the tax code b. making it difficult to track them for determining progressivity c. thereby overstating the progressive nature of the tax system d. making it important to look at the progressivity of the tax system in terms of lifetime income
Economics
Other things constant, what is the outcome of expansionary fiscal policies on employment, inflation, real output, and deficits in the short-run?
Economics