Which of the following will NOT cause the public debt to change?

A) collection by the government of $200 billion more in taxes than it spends
B) government budget deficit
C) government budget surplus
D) balanced budget

D

Economics

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Suppose there are fixed costs and marginal costs that are constant. Then we know that

A) average total costs are also constant. B) average variable costs decrease continuously as output increases, and lie above the marginal cost curve. C) average total costs decrease continuously as output increases, and lie above the average variable cost curve, which also is decreasing continuously. D) average total costs decrease continuously as output increases, and lie above the average variable cost curve, which is constant.

Economics

Balance of payments deficits arise whenever the exchange rate is pegged at an artificially high level.

Answer the following statement true (T) or false (F)

Economics