Between 1960 and 1997, the federal budget was never in surplus

Maximum employment and moderate long-term interest rates are best achieved with

A) price stability. B) high and variable inflation rates. C) high real interest rates. D) high and stable inflation rates. E) high short-term interest rates.

Economic growth is:

a. a movement along the production possibilities curve. b. a change in the combination of the economy's outputs. c. an outward shift of the production possibilities curve. d. difficult to determine for any one year.