If government spending is $900 billion while government revenue is $600 billion, the government is said to have a
A) $600 billion budget deficit. B) $1,500 billion budget deficit.
C) $300 billion budget deficit. D) $300 billion budget surplus.
C
Economics
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A Fed purchase of gold, SDRs, a deposit denominated in a foreign currency or any other asset is just an open market ________ of these assets, ________ the monetary base
A) purchase; raising B) sale; raising C) purchase; lowering D) sale; lowering
Economics
??Exhibit 16A-2 Macro AD/AS Models
?
?In Panel (b) of Exhibit 16A-2, a Keynesian expansionary stabilization policy designed to move the economy from Y1 to Yp would attempt to shift the
A. ?aggregate demand curve (AD) leftward. B. ?SRAS curve leftward. C. ?aggregate demand curve (AD) rightward. D. ? LRAS curve rightward.
Economics