Which of the following is not a legitimate reason for maintaining federal budget deficits?
a. Deficits boost domestic saving, which in the long run could promote economic growth.
b. Deficits help reduce the size and duration of recessions through automatic stabilizers.
c. Deficits are used to finance capital projects.
d. Public spending through deficit financing wins support from the voters.
e. A federal budget deficit stimulates aggregate demand.
Question 2
Jacqueline has a Ph.D. in economics. She has turned down many job offers because she eventually hopes to teach at one of the top ten universities in her field. The type of unemployment she is experiencing is:
a. frictional unemployment.
b. structural unemployment.
c. seasonal unemployment.
d. cyclical unemployment.
e. underemployment.
Energy budget for a temperate deciduous forest (data from Gosz et al. 1978).
Crying Frequency in the Early Months In their first months of life, infants often cry for no appare
Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa
The energy budget
Flexible exchange rates are supposed to prevent long-term trade deficits.
US federal budget deficit/surplus and debt