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Author Question: A federal government deficit is said to exist in the event that ________. A) federal outlays are ... (Read 75 times)

mp14

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on: Jun 30, 2018
A federal government deficit is said to exist in the event that ________.
 
  A) federal outlays are less than federal revenues
  B) federal outlays are equal to federal revenues
  C) federal outlays are greater than federal revenues
  D) any of the above conditions exists

Question 2

Keynesians disagree with the new classical model because
 
  a. people are often irrational.
  b. wages are often negotiated through contracts, not auctions.
  c. people do not form expectations.
  d. wages are set to clear auction markets in both the short run and long run.
  e. all of the above


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kkenney

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


mp14

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

gcook

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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