The government deficit is equal to
A) new money created minus new borrowing from the public.
B) new borrowing from the public plus new money created.
C) new borrowing from the public divided by new money created.
D) new borrowing from the public minus new money created.
B
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Refer to the table above. For trade to occur along the lines of comparative advantage, wages in A relative to wages in B (measured in the same currency)
A) must be at least twice but less than 3 times as great. B) must be less than three times as small. C) must be greater than $2 but less than $3. D) Need more information to answer.
If Gerry saves $500 per month, then Gerry's ________ will increase by ________.
A. income; $500 only if he buys additional assets B. wealth; $500 only if he has no debt C. wealth; $500 only if he buys additional assets D. wealth; $500