Which of the following would decrease the size of a federal budget deficit?
a. a recession
b. an increase in defense spending
c. growth in real GDP
d. a decrease in tax revenues
e. an increase in transfer payments
C
Economics
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Mpc + mps =
A) 0. B) 0.5. C) 1. D) 100.
Economics
In the four-part diagram used to construct the IS curve, the upper right-hand graph depicts
A) the IS curve. B) the relationship between the interest rate and autonomous planned spending. C) determination of real income by the saving function and the demand for autonomous planned spending function. D) none of the above.
Economics