Over the years, U.S. government spending has ________
A) increased but government revenue has decreased
B) decreased but government revenue has increased
C) decreased and government revenue has also decreased
D) increased and government revenue has also increased
D
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Suppose a change in technology increases the marginal product of labor. The result is
a. a downward movement along the demand for labor curve. b. a rightward shift in the demand for labor curve. c. a leftward shift in the demand for labor curve. d. an upward movement along the demand for labor curve.
By how much does the monetary base change when the government decides to increase government spending by 5% (assume flexible exchange rates)?
a. There is not enough information given to tell. b. The monetary base does not change at all. c. The monetary base falls by 5% d. The monetary base rises by 5%