Multiple Choice
Suppose the economy is currently at full employment. It is likely that:
A) a sustained deficit will lead to an increase in the rate of inflation.
B) a sustained deficit will have no affect on the rate of inflation.
C) a sustained deficit will lead to a increase in GDP.
D) a sustained deficit will lead to an decrease in the rate of inflation.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The assertion that large budget deficits have
Q3: Use the following diagram to answer the
Q4: Which of the following in not true
Q5: Suppose that after many years of balancing
Q6: The fiscal imbalance is a measure of
Q7: Which of the following statements is False?<br>A)
Q8: The increase in the portion of the
Q9: Is the following statement true or False?
Q10: Which debt is likely to be a
Q11: Higher productivity growth will affect the deficit