If the inflation rate falls, what will happen to the budget deficit?
a. It will rise, because government spending will rise.
b. It will rise, because interest payments will rise.
c. It will fall, because tax receipts will increase.
d. It will fall, because interest payments will fall.
d
Economics
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Refer to Table 18.1. After trade begins, ________ will specialize in the production of hats and ________ will specialize in the production of gloves
A) Panama; Russia B) Russia; Panama C) Russia; Russia D) Panama; Panama
Economics
The aggregate demand curve illustrates that, as the price level rises
A) the quantity of real GDP demanded increases. B) the quantity of real GDP demanded decreases. C) the AD curve shifts rightward. D) the AD curve shifts leftward.
Economics