If we passed a constitutional amendment requiring a balanced budget every year,this would probably
A) make our recessions into depressions.
B) prevent recessions.
C) create inflations.
D) raise interest rates.
Correct Answer:
Verified
Q13: We have an inflationary gap when
A)equilibrium GDP
Q14: If full employment GDP is $500 billion
Q15: The national debt passed the $2 trillion
Q16: Which statement is true about fiscal policy?
A)There
Q17: If equilibrium GDP is $500 billion greater
Q19: There is a recessionary gap when
A)equilibrium GDP
Q20: Fiscal policy deals with each of the
Q21: Which statement is true?
A)When there is a
Q22: Fiscal policy includes each of the following
Q23: Which statement is false?
A)Foreigners are holding an
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