In 2008 and 2009, the budget deficit increased substantially because of
a. the weak economy.
b. extraordinary spending.
c. reduced tax receipts.
d. all of the above
d
Economics
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________ occurs when individuals conform to the decisions of others
A) Herding B) Anchoring C) Signaling D) Sniping
Economics
An increase in government spending without an accompanying increase in taxes
A) does not increase aggregate demand. B) would effectively eliminate an inflationary gap. C) causes investment spending to increase. D) requires additional government borrowing.
Economics