Multiple Choice
In the short run, a fiscal contraction that causes a decrease in the budget deficit:
A) affects the level of output but not its composition.
B) affects both the level and composition of output.
C) affects only the price level.
D) is neutral.
E) affects only the composition of output.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: What are the factors that will determine
Q23: The correct measure of the deficit is
Q24: Explain what is meant by debt monetisation.
Q25: Explain how a country with high debt
Q27: Very high debt burdens can result in:<br>A)
Q29: In the long run, an increase in
Q30: The debt- to- GDP ratio is higher:<br>A)
Q31: Which of the following will cause a
Q32: The correct measure of the deficit is
Q40: First,explain what seignorage is.Second,write out and explain