During most of the time in recent decades, the government sector
A) has not spent more than it collected in taxes.
B) has run large deficits.
C) has run large surpluses.
D) has balanced its budget every year.
B
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A high marginal propensity to consume implies which of the following?
A) A small change in consumption when income changes B) A high savings rate C) A high marginal tax rate D) An equilibrium level of income near full employment E) A low marginal propensity to save
The Official Settlements Balance is another way of describing
A) the actual tabulation of reserve assets held by government central banks and treasuries. B) the net value of merchandise trade between two nations. C) the net foreign direct investment between two countries. D) the actual value in one currency of trade divided by the value in a second currency.