If the federal government has a budget surplus, then it is definitely the case that
A) tax revenue exceeds government outlays.
B) tax revenue and government outlays are equal.
C) the tax revenue is falling and government outlays are rising.
D) government outlays exceed tax revenue.
E) the tax revenue is rising and government outlays are falling.
A
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Which statement is true of the Battle of the Sexes game?
a. It is a coordination game. b. The mixed-strategy Nash equilibrium provides players with lower expected payoffs than other equilibria. c. The first mover has an advantage in the sequential version. d. All of the above.
Which is the most accurate statement?
A. We are living well beyond our means and we face an imminent financial crisis as foreigners refuse to accept U.S. dollars. B. We cannot continue running huge current account deficits. C. We can easily run up larger and larger current account deficits without any serious consequences. D. Large and growing current account deficits are good for our economy.