The value of bonds outstanding
A) increases when the government runs a budget deficit and decreases when the government runs a budget surplus.
B) decreases when the government runs a budget deficit and increases when the government runs a budget surplus.
C) is independent of the government running either a budget deficit or a budget surplus.
D) changes only when the government runs a budget deficit or surplus if the federal debt is zero.
A
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Which groups tend to have greater difficulties finding employment as a result of the minimum wage?
A) Minorities B) Teens C) Those with little work experience D) All of the above.
Which of the following is likely to lead to a left shift in the demand curve for labor in the petroleum extraction industry?
A) An increase in the wage rate B) A decrease in the wage rate C) An increase in the price of cars D) An increase in the price of petroleum