The budget deficit/surplus projections for 2005 that were made in 2001 were wrong, because there was an
A. anticipated increase in immigration.
B. anticipated increase in defense spending.
C. unanticipated increase in interest rates.
D. unanticipated increase in war-related spending.
Answer: D
You might also like to view...
The table above shows the situation in the gasoline market in Tulsa, Oklahoma. If the price of a gallon of gasoline is $3.73, then
A) there is a surplus of gasoline in Tulsa. B) there is a shortage of gasoline in Tulsa. C) the gasoline market in Tulsa is in equilibrium. D) without more information we cannot determine if there is a surplus, a shortage, or an equilibrium in the gasoline market in Tulsa. E) there is neither a surplus nor a shortage, but the market is NOT in equilibrium.
Explain how price adjusts to eliminate excess demand
What will be an ideal response?