The money supply in an economy declines when, other things equal, _____
a. government spending exceeds borrowing
b. government borrowing exceeds tax revenues and there is a deficit
c. government borrowing exceeds the government deficit
d. government spending exceeds tax revenues
e. government spending exceeds borrowing and there is a surplus
c
You might also like to view...
In a closed economy, national saving
A) sometimes equals investment. B) always equals investment. C) is always less than investment. D) is always more than investment. E) is never equal to investment.
A water bottle manufacturing plant uses a three-step procedure to produce each unit of bottle. The first step is casting, which needs 35 workers to operate the furnace. The second step is quenching, which needs 35 workers. At the third step, bottles are prepared for dispatch in the assembly line with the help of 70 workers. If the factory produces 14,000 bottles per day, then the productivity of
labor in the factory is equal to _____. a. 200 bottles per worker b. 400 bottles per worker c. 100 bottles per worker d. 140 bottles per worker e. 220 bottles per worker