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Author Question: The big current-account deficits in the late 1880s and early 1890s were financed primarily by (a) ... (Read 49 times)

Jipu 123

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on: Jun 30, 2018
The big current-account deficits in the late 1880s and early 1890s were financed primarily by
 
  (a) Borrowing from other nations, especially England
  (b) Interests earned on bonds and dividends paid on other investments
  (c) Taxes
  (d) Sale of public land

Question 2

Assuming a simultaneous reduction in income taxes and transfer payments of 50 billion, then aggregate disposable income will
 
  a. be higher than before.
  b. be lower than before.
  c. remain constant.
  d. None of the above


josephsuarez

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Reply #1 on: Jun 30, 2018
Answer to Question 1

(a)

Answer to Question 2

C


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