Households can finance their consumer spending from current

Whenever a choice is made:

A) the value of all the other choices that could have been made is called opportunity cost. B) normative economics is encountered. C) the problem of "all other things unchanged" results. D) the opportunity cost of that choice is the highest-valued other choice that could have been made.

Discretionary policy deficits are associated with: a. increases in national saving. b. higher prices

c. lower outputs. d. lower interest rates. e. raising taxes.