When the government runs a budget deficit,
a. interest rates are lower than they would be if the budget were balanced.
b. national saving is higher than it would be if the budget were balanced.
c. investment is lower than it would be if the budget were balanced.
d. All of the above are correct.
c
Economics
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Who was the leader of Chinese economic reforms?
What will be an ideal response?
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Refer to the below demand graph for a farm product. Which of the following will cause the largest increase in total revenue for farmers?
A. A decrease in the price from PA to PC
B. A decrease in the price from PB to PC
C. An increase in the price from PC to PA
D. An increase in the price from PC to PB
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