An economic theory is also known as an economic A) model. B) ...

[c0205847]

An economic theory is also known as an economic
 
  A) model.
  B) prediction.
  C) conclusion.
  D) assumption.

Question 2

All of the following are possible explanations for the increase in U.S. government budget deficits as a percentage of GDP since the early 2001 EXCEPT
 
  A) increases in tax revenues.
  B) increases in payments for entitlements.
  C) increases in government spending.
  D) decreases in tax rates.

[princessflame2016]

Answer to Question 1

A

Answer to Question 2

A