The government collects tax revenues of $100 million and has $105 million in outlays. The budget balance is a
A) deficit of $5 million.
B) surplus of $5 million.
C) surplus of $100 million and a deficit of $105 million.
D) deficit of $105 million.
E) surplus of $105 million.
A
Economics
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Suppose that the Federal Reserve conducts an open market sale. Everything else held constant, this will cause the demand for U.S. assets to ________ and the U.S. dollar will ________
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
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In the real intertemporal model, if future total factor productivity increases, this captures the effects of
A) intemporal substitution. B) Ricardian equivalence. C) the government expenditure multiplier. D) news shocks.
Economics