Budget deficit
What will be an ideal response?
an excess of total government outlays over total government tax revenues
Economics
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Changes in the price level
A) do not affect the level of aggregate supply in the long run. B) increase the level of aggregate supply in the long run. C) decrease the level of aggregate supply in the long run. D) increase the level of aggregate supply in the long run only at very high levels of output.
Economics
A price floor is a government-mandated
A) minimum price below which legal trades cannot be made. B) maximum price above which legal trades cannot be made. C) minimum price at which all units of the good must be legally sold. D) minimum price below which legal trades can be made.
Economics