Author Question: In the long run, higher government budget deficits will A) lead to a redistribution of real GDP ... (Read 70 times)

gbarreiro · **on:** Jun 29, 2018

In the long run, higher government budget deficits will

A) lead to a redistribution of real GDP from privately produced goods and services to government produced goods and services.
B) lead to a redistribution of real GDP from government produced goods and services to privately produced goods and services.
C) cause the price level to go down on government goods but not on private goods.
D) lead to a reduction in the amount of goods and services produced by the government and private sector.

Question 2

The percentage of all sales contributed by the leading four or leading eight firms in an industry is known as

A) a horizontal merger.
B) a vertical merger.
C) economies to scale.
D) the concentration ratio.