In the long-run, the price level in the economy will change the ...

[shofmannx20]

In the long-run, the price level in the economy will change the same direction as aggregate demand.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

When the government's spending is less than tax revenue, it implies that:
 a. the government budget is balanced.
  b. the government is running a deficit.
  c. there is a budget surplus.
  d. there is a higher chance of default by the government.
  e. the government needs to borrow from the central bank.

[cassie_ragen]

Answer to Question 1

True

Answer to Question 2

c

[shofmannx20]

TYSM

[cdmart10]

Excellent