If a government must run a balanced budget, then tax revenues and government spending:
a. move roughly in opposite directions.
b. move exactly in opposite directions.
c. move exactly in the same direction.
d. move roughly in the same direction.
Ans: c. move exactly in the same direction.
Economics
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Suppose that the price level was 100 in 2011, 110 in 2012, and 130 in 2013. Over these three years
A) deflation occurred at an accelerating rate. B) the inflation rate was positive but slowing. C) prices were stable. D) the inflation rate was positive and accelerating.
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Ronald McDonald Houses is an example of
A) altruistic corporate social responsibility. B) reduction in shareholder value. C) vertical integration. D) strategic corporate social responsibility.
Economics