A program budget ______
a. increases the budget of an agency by the annual inflation rate
b. groups expenditures by the goals they are trying to achieve
c. groups expenditures by the types of items that are purchased
d. groups expenditures by agency
b
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The Second National Bank of Townville has $400,000 in checking deposits, $125,000 in savings deposits, $500,000 in loans, $20,000 in its reserve account at the Fed, and $5,000 of currency in its vault. What is the amount of its reserves?
What will be an ideal response?
At the current level of output, the marginal social cost of tennis balls is greater than the marginal social benefit. Then
A) more than the efficient quantity of tennis balls is being produced. B) there is excess demand for tennis balls. C) firms producing tennis balls must be earning negative profit. D) too few tennis balls are being produced.