When the United States ran large budget deficits during 2001-2011,
a. private investment was strong and consumer expenditures declined as a percentage of GDP.
b. private investment was weak and consumption increased as a share of GDP.
c. the trade deficit of the United States shrank, indicating that borrowing from foreigners was declining.
d. the deficits were financed exclusively through borrowing from domestic sources.
B
Economics
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Refer to Scenario 9.1. The dominant strategy for Monty is to place ________ sheep on the commons
A) 4 B) 5 C) Monty's dominant strategy depends on how man sheep Sheb places on the commons. D) Monty has no dominant strategy.
Economics
In what ways is the Fed independent of the political process?
What will be an ideal response?
Economics