In the United States' economy
A. there is no need to economize.
B. we rarely have to economize.
C. only the rich have to economize.
D. nearly everyone has to economize.
D. nearly everyone has to economize.
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If a government started with a budget deficit and moved to a surplus, domestic investment
a. and the real exchange rate would rise. b. and the real exchange rate would fall. c. would rise and the real exchange rate would fall. d. would fall and the real exchange rate would rise.
Crowding out occurs when
A. increased taxes force higher levels of national saving. B. deficit spending by the government forces private investment spending to contract. C. local businesses cannot get government contracts because of the higher bids of large corporations. D. foreign investors are willing to pay higher prices for U.S. bonds than American citizens will pay.