Identify the correct statement.
a. A budget deficit is a flow variable, while debt is a stock variable.
b. A budget deficit is a stock variable, while debt is a flow variable.
c. A budget deficit and debt are both stock variables
d. The budget deficit decreases when aggregate demand decreases.
e. Debt increases when the budget deficit decreases.
a
Economics
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The velocity of circulation is defined as the
A) average number of times in a year that each dollar is used to buy goods and services. B) price level obtained when the money market is at its equilibrium. C) quantity of money demanded at equilibrium. D) speed with which changes in the interest rate spread throughout the economy. E) quantity of money supplied by the Fed.
Economics
The above table shows some cost data for Tracey's Tents. What is the marginal cost of the 3rd tent?
A) $25 B) $20 C) $70 D) $120
Economics