Starting from a balanced budget,which of the following would NOT cause a deficit?
A) A decrease in taxes
B) An increase in spending of goods and services
C) An increase in transfer payments
D) A 50 percent increase in spending accompanied by a 40 percent increase in taxes
E) None of the above.
Correct Answer:
Verified
Q2: Suppose the Asian financial crisis decreased U.S.exports.In
Q4: For any given increase in spending that
Q6: Economic growth would be illustrated by
A)a rightward
Q11: When aggregate demand increases,
A)the price level is
Q13: Government spending and taxes
A)do not change aggregate
Q15: If a component of aggregate demand increases,
A)GDP
Q17: Intermediate inputs are
A)goods used for household consumption
Q18: Changes in aggregate demand
A)could be caused by
Q19: Along the aggregate supply curve
A)the horizontal part
Q20: Which of the following may NOT serve
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