The government budget constraint without borrowing is:
A) Gt + Vt = Tt + (Mt - Mt-1 ) /P
B) Gt = Tt + Vt
C) Gt - Vt = Tt
D) Gt - Vt = Tt - (Mt - Mt-1 ) /P
Correct Answer:
Verified
Q6: If the money supply does not change,
Q7: The biggest category of state and local
Q8: If there is no revenue from money
Q9: Among the government's sources of funds are;
A)transfer
Q10: The biggest category of government purchases in
Q12: Among the government's uses of funds are;
A)transfer
Q13: The fastest growing part of the Eurozone
Q14: Governments purchases include:
A)defense spending.
B)education spending.
C)social security retirement
Q15: The government's budget constraint is:
A)Gt + Vt
Q16: The government's budget is:
A)government purchases plus transfer
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