What is a benefit of giving the government freedom to spend more than they receive in taxes and run a deficit?
A. It allows the government to be flexible if something unexpected happens.
B. It can make it more difficult for businesses and consumers to borrow.
C. There is never a good enough reason to allow public debt.
D. The federal government cannot run a deficit.
A. It allows the government to be flexible if something unexpected happens.
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Most economists agree with which of the following?
A) Passive policymaking is likely to exert sizable long-run effects on real GDP. B) Active policymaking is likely to exert sizable long-run effects on real GDP. C) Active policymaking is unlikely to exert sizable long-run effects on real GDP. D) none of the above
At full employment there is no
A) unemployment. B) cyclical unemployment. C) avoidable unemployment. D) frictional unemployment. E) structural unemployment.