Using expansionary policies to combat a recession would
A) decrease discretionary spending. B) increase federal revenue.
C) increase a budget surplus. D) increase a budget deficit.
D
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All of the following are possible outcomes of a banking crisis EXCEPT
A) depositors, but not banks, may lose all or a portion of their assets. B) a recession due to decreases in consumption by households. C) decreases in lending practices by banks. D) decreases in investment. E) a contagion effect of the crisis from vulnerable banks to financial institutions on sound basis.
Which of the following is not an investment in human capital?
A. An individual decides to enroll in a vocational training program. B. The government expands its programs to improve health care. C. The government increases the level of unemployment benefits. D. A firm engages in on-the-job training.