Most economists would consider it sensible for the federal government to ________ its current operating and capital expenditure budgets and then ________
A) consolidate, never borrow to fund it
B) consolidate, borrow what is necessary to fund it
C) separate, borrow what is necessary to fund the current operating budget.
D) separate, borrow what is necessary to fund the capital expenditure budget.
D
Economics
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Which of the following is true of the long-run aggregate supply curve? a. It is vertical
b. The level of RGDP supplied does not change as the price level changes. c. The level of RGDP supplied changes with the levels of capital, land, labor, and technology available to the economy. d. all of the above
Economics
If policymakers impose import restrictions on clothing, the U.S. trade deficit will shrink
a. True b. False Indicate whether the statement is true or false
Economics