If there is currently an inflationary gap:
a. The price level will tend to rise.
b. Real output will tend to rise.
c. Both a. and b. will occur.
d. None of the above will occur.
Question 2
Which of the following correctly explain Ricardian equivalence?
a. Government spending that is financed by borrowing has a smaller effect on the economy than government spending financed by raising taxes.
b. Consumers do not base current spending on future expected tax liabilities.
c. Government borrowing can function like increased current taxes, reducing current household and business expenditures.
d. The government should balance its budget by equating revenue and expenditure in every fiscal year.
e. Government spending does not crowd out private investment.
Recombinants are meiotic output different from meiotic input
Comparison of the level of skin damage as a result of the three different degrees of burns.
Mechanisms of pain at the nociceptor level
This chart illustrates the “drip down” model of government. In this, politics is formed by the soc
Select the Code with the Highest Level of Specificity
Muscle structure seen at the EM level