The primary deficit is equal to
A) outlays - tax revenues.
B) government purchases + transfers + net interest - tax revenues.
C) outlays + net interest - tax revenues.
D) government purchases + transfers - tax revenues.
D
Economics
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When all currencies are tied directly to gold, then
A) currency exchange rates throughout the world are flexible. B) currency exchange rates throughout the world are fixed. C) the world's stock of gold cannot change. D) the price of each nation's currency in terms of gold is flexible.
Economics
What is the difference between the M1 and M2 definitions of the money supply?
What will be an ideal response?
Economics