If you computed nominal GDP every year over a decade, which is fixed or held constant over these years?

Which of the following is TRUE when a budget deficit exists?

A) Dissaving exists. B) Tax revenues exceed government expenditures. C) A trade surplus exists. D) Government expenditures exceed tax revenues.

What unusual measures did the Fed take in trying to reduce long-term interest rates during the Financial Crisis of 2007-2009?

A) buying mortgage-backed securities issued by Fannie Mae and Freddie Mac B) reducing the federal funds rate multiple times C) issuing its own securities D) eliminating the discount rate on loans to member banks