The deficit can be defined in simple terms as
A. tax receipts ? government expenditures + transfers.
B. tax receipts + government expenditures + transfers.
C. government expenditures + transfers ? tax receipts.
D. government expenditures ? transfers ? tax receipts.
Answer: C
Economics
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A decrease in ________ decreases the demand for money
A) the discount rate B) real GDP C) the interest rate D) the quantity of money
Economics
The figure above shows the costs and demand curves for the Bigshow Cable Company. If the regulator wants to set the price so that Bigshow earns the same normal profit as a perfectly competitive firm, what price should be set?
A) $8 B) $6 C) $4 D) $2
Economics