Between 2009 and 2013:
a. both the actual and the structural deficit fell substantially.
b. both the actual and the structural deficit rose subtantially.
c. the actual deficit rose, while the structural deficit fell substantially.
d. the structural deficit rose, while the actual deficit fell substantially.
a
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Because it is difficult for economists to use experiments to generate data, they generally must
a. do without data. b. substitute assumptions for data when data are unavailable. c. rely upon hypothetical data that were previously concocted by other economists. d. use whatever data the world gives them.
Using the production function Real GDP = T (L, K), and the LRAS curve, describe the process by which a decline in interest rates impacts the use of capital and economic growth