During a recession:
a. Government spending automatically rises and taxes automatically rise.
b. Government spending automatically falls and taxes automatically rise.
c. Government spending rises automatically and taxes fall automatically.
d. Government spending and taxes do not tend to change.
e. None of the above.
Question 2
If a nation has flexible exchange rates and its current and captial accounts equal zero, then the:
a. Financial account must be positive
b. Financial account must be zero.
c. Reserves account can be positive or negative depending on the size of the budget deficit and exchange rate.
d. Financial account plus reserves account must equal zero.
Alexander Fleming photographed in his lab where he observed the natural competition between a fungus
Sunlight shining through clouds, giving rise to crepuscular rays.
Generally, the total tax burden in the United States is much lower than that of other industrialize
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
Sea-Level Rise
A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ...