A balanced budget is present when:
a. the economy is at full employment.
b. the actual level of aggregate spending equals the planned level of spending.
c. public sector spending equals private sector spending.
d. government revenues equal government expenditures.
d
Economics
You might also like to view...
The supply curve of a product is based primarily on
a. consumer behavior
b. product decision making
c. government spending
d. none of the above
Economics
Which of the following is characteristic of a pure monopolist's demand curve?
A. Average revenue is less than price. B. Its elasticity coefficient is 1 at all levels of output. C. Price and marginal revenue are equal at all levels of output. D. It is the same as the market demand curve.
Economics