Author Question: Why has the federal government generally run budget deficits over the past several decades? A) ... (Read 151 times)

urbanoutfitters · **on:** Jun 29, 2018

Why has the federal government generally run budget deficits over the past several decades?

A) Political pressures make expenditures hard to control.
B) The federal government's control of the money supply enables it to borrow indefinitely without becoming unable to find creditors.
C) The public has accepted the notion that budget deficits can be good for the economy.
D) A combination of the three factors mentioned above.

Question 2

The ability of employers to increase their net revenue by paying low wages is limited primarily by

A) federal and state legislation.
B) the fact that net revenue is maximized when marginal revenue equals marginal cost.
C) the other opportunities available to employees.
D) the right of labor unions to strike.