Based on the CBO's projections of governments revenue and expenditure, if entitlement programs remain large and unfunded, the current fiscal policy of the federal government
A) will lead to a larger, but sustainable debt-to-GDP ratio.
B) will have to become more expansionary to remain sustainable.
C) is not sustainable.
D) will still keep the debt-to-GDP ratio relatively stable.
C
Economics
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Policies taken to move the economy closer to potential output
A) must necessarily be contractionary policies. B) are lagging policies or automatic policies. C) are called stabilization policies. D) must necessarily be expansionary policies.
Economics
Which of the following is TRUE about a firm in monopolistic competition in the long run?
A) P = MC B) P = MR C) ATC = MC D) P = ATC E) MC = ATC
Economics