Chronic budget deficits can lead to all of the following, except:
A. Over-allocation of resources to the government sector, away from the private sector
B. "Smaller government" in the economy
C. Investors losing faith in the government's ability to repay its debts
D. Government being forced to make drastic cuts in its spending
B. "Smaller government" in the economy
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The Ironman Hawaii randomly draws a few hundred slots from thousands of applicants for the race
The method of allocation for the opportunity to participate in the race is ________, and the method of allocation for determining the winner of the race is ________. A) lottery; contest B) contest; lottery C) first-come, first-served; lottery D) lottery; first-come, first-served E) contest; command
Refer to the information provided in Figure 23.4 below to answer the question(s) that follow.
Figure 23.4Refer to Figure 23.4. If income is Y1, aggregate consumption is the greatest when the aggregate consumption function is
A. C3. B. C2. C. C1. D. cannot be determined from the figure.