A government's budget deficit is equal to
A) the change in the value of bonds issued plus the change in the money supply.
B) the change in the value of bonds issued minus the change in the money supply.
C) the change in the money supply minus the change in the value of bonds issued.
D) either the change in the value of bonds issued or the change in the money supply.
A
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US 30yr fixed mortgage rates are averaging less than 4% annual interest rates (for those with good credit)
a. true b. false
The government has just passed a law requiring that all residents earn the same annual income regardless of work effort. This law is likely to
a. increase efficiency and increase equality. b. increase efficiency but decrease equality. c. decrease efficiency but increase equality. d. decrease efficiency and decrease equality.