Which factors led to the large rise in the government's budget deficit in the early 1980s?
a. The Clinton Administration's health care program
b. A cutback in military spending
c. An income tax increase
d. A build up in military spending
e. A large and unprecedented economic expansion
D
Economics
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Suppose that the equilibrium nominal interest rate is 5 percent and the equilibrium quantity of money is $1 trillion. At any interest rate below 5 percent,
A) the supply of money will decrease. B) there will be a surplus of money and bond prices will increase. C) the interest rate will fall and bond prices will fall. D) there will be a surplus of money and bond prices will fall. E) the interest rate will rise and bond prices will fall.
Economics
What is an oligopoly?
What will be an ideal response?
Economics