When the federal government is running a budget deficit:
a. government tax revenues exceed government expenditures.
b. government expenditures exceed government tax revenues.
c. the economy must be in an economic recession.
d. the size of the national debt will decline.
Question 2
Starting from a position of macroeconomic equilibrium at below the full-employment level of real GDP, an increase in the money supply will:
a. raise interest rates, prices, and reduce real GDP.
b. raise interest rates, lower prices, and leave real GDP unchanged.
c. raise interest rates, lower prices, and leave real GDP unchanged.
d. lower interest rates, raise prices, and increase real GDP.
Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
This chart shows the various lines of responsibility and how they differ in presidential and parliam
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
Four terrorist incidents. Clockwise from top left: the Alfred P. Murrah Federal Building after ...
Government Corruption versus GDP per Capita, 2009