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Author Question: One of the long-run effects of higher government budget deficits is A) a redistribution of real ... (Read 43 times)

PhilipSeeMore

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on: Jun 29, 2018
One of the long-run effects of higher government budget deficits is
 
  A) a redistribution of real Gross Domestic Product (GDP) away from government-provided goods and toward more privately provided goods.
  B) an increase in the government's share of the nation's economic activity.
  C) growth in the economy's private sector at the same time the government sector shrinks.
  D) a fall in the equilibrium price level.

Question 2

The Keynesian short-run aggregate supply (SRAS) curve is
 
  A) upward sloping.
  B) vertical.
  C) horizontal.
  D) downward sloping.


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AngeliqueG

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


PhilipSeeMore

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

daiying98

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Reply 3 on: Yesterday
Excellent

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