A prominent postwar pattern of U.S. government budget deficits was broken in 1983-1990 as
A) recession was accompanied by a shrinking deficit.
B) recession was accompanied by a growing deficit.
C) recovery from recession was accompanied by a shrinking deficit.
D) recovery from recession was accompanied by a growing deficit.
D
Economics
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According to the equation of exchange, if the money supply is $800 million, real GDP is $3,000 million, and nominal GDP is $4,000 million, then the velocity of money is equal to:
a. 3.5. b. 1.7. c. 10.3. d. 5. e. 2.
Economics
The textbook tells us that in the short run, people typically ___________ price changes when compared to the long run
a. are very responsive to b. are more sensitive to c. are less sensitive to d. do not respond to e. are unaware of
Economics