Which of the following is not a possible implication of federal budget deficits?
a. Crowding out
b. Increased interest rates
c. Inflation
d. Increased trade deficits
e. Depreciation of the dollar
Question 2
If the aggregate demand curve shifts rightward, then _____.
a. the price level increases and output decreases
b. the resulting increase in the price level is usually called cost-push inflation
c. the resulting increase in the price level is usually called demand-pull inflation
d. the price level increases as long as the aggregate supply curve shifts leftward
e. the price level decreases and output decreases
Federal vs state law
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
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Annual Federal Deficit (or Surplus), 1992–2016
Unemployment and Federal Action, 1929–1941
US federal budget deficit/surplus and debt