Author Question: If there is initially a federal budget deficit, and government purchases and transfer payments both ... (Read 114 times)

Sufayan.ah · **on:** Jun 30, 2018

If there is initially a federal budget deficit, and government purchases and transfer payments both rise:
a. AD increases and the budget deficit increases.
b. AD increases and the budget deficit decreases.
c. AD decreases and the budget deficit increases.
d. AD decreases and the budget deficit decreases.

Question 2

Prior to 1980, thrift institutions in the United States were allowed to offer checking accounts.
a. True
b. False
Indicate whether the statement is true or false