Budget surplus

What will be an ideal response?

an excess of total government tax revenues over total government outlays

Economics

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An example of the commodity substitution bias in the calculation of the CPI is a price increase in

A) turkey when the price of chicken doesn't rise. B) a GPS unit versus a AAA map book. C) a 2014 Toyota Camry versus a 2005 Honda Civic. D) etexts versus used books bought through Craigslist. E) new homes because people's incomes have increased.

Economics

An increase in the interest rate, other things constant, decreases the amount of investment spending

a. True b. False Indicate whether the statement is true or false

Economics