Which of the following will definitely reduce a budget deficit and provide fiscal restraint?
A. Greater government spending and lower taxes.
B. Greater government spending and higher taxes.
C. Lower government spending and lower taxes.
D. Lower government spending and higher taxes.
D. Lower government spending and higher taxes.
Economics
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In a city that has rent control for apartments, there is
A) less turnover of apartments. B) a surplus of apartments available to rent. C) a shortage of renters in the city. D) neither a surplus nor a shortage of apartments.
Economics
There would be no excess burden from a tax if demand were
A. perfectly inelastic. B. perfectly elastic. C. unitarily elastic. D. upward sloping.
Economics