What would be a "credible business plan" for the government to adopt?
What will be an ideal response?
A "credible business plan" would be a plan for the government that shrinks the deficit and thereby stops the rapid increase in the government debt. This plan likely would involve cutting government outlays and increasing government receipts.
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The quantity theory of money states that increases in the money supply result in proportional increases in real GDP
a. True b. False Indicate whether the statement is true or false
From a social viewpoint, when price = marginal cost:
a. the economy as a whole would be better off if more was produced. b. the economy as a whole would be better off if less was produced. c. firms would be better off by producing less. d. the economic efficiency would be attained as a whole. e. the consumers would be better by consuming less.