The Congressional Budget Office reported that federal budget deficits in the United States were likely to increase in future years, and these higher deficits might "pose a threat to the economy by crowding out business investment and threatening a
spike in interest rates." This higher budget deficit would be represented graphically by
A) a shift in the supply curve for loanable funds to the right.
B) a movement to the right along the supply curve for loanable funds.
C) a shift in the supply curve for loanable funds to the left.
D) a movement to the left along the supply curve for loanable funds.
C
Economics
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State and local governments finance expenditures mainly from
A) tax revenue. B) government bonds issued at the state level. C) funds provided by the federal government. D) private bank loans. E) lottery funds.
Economics
Which goods would usually be an inferior good?
a. Steak b. Generic beer c. Theater tickets d. French wines
Economics