In a one-period model,government is likely to run
A) a deficit but not a surplus.
B) a surplus but not a deficit.
C) either a surplus or a deficit.
D) neither a surplus nor a deficit.
E) on a fiscal year basis.
Correct Answer:
Verified
Q3: In the production function,output is given by
A)
Q4: An economy that engages in international trade
Q5: In the one-period competitive model we have
Q6: Points on the production possibilities frontier have
Q7: A competitive equilibrium is a state of
Q9: An economy that has no interaction with
Q10: In an economic model,an exogenous variable is
A)
Q11: A relationship that shows the technological possibilities
Q12: Making use of an economic model is
Q13: The rate at which one good can
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