If the U.S. government runs a budget deficit (G ? T), that deficit must be financed by an excess of
a. T over G.
b. C over T plus G.
c. investment by American businesses and individuals.
d. S over I by American businesses and individuals, or by borrowing from foreigners.
d
Economics
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What are the four types of bias that economist Bryan Caplan believes voters bring with them when they vote? Briefly explain each of these biases
What will be an ideal response?
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If expectations are formed rationally and wages are inflexible in the short run, the short-run aggregate supply curve is
A) upward sloping. B) horizontal. C) vertical. D) relatively flat.
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