Author: Anonymous

The most effective tool used by a labor union in the 1930s was the _____________.

Suppose that in 1969, the U.S. economy was operating close to potential. The budget deficit experienced by the United States in 1969 was:

Suppose we have the following information for 2010: Potential output: $22 trillion Actual output: $20 trillion Actual Deficit: $ 600 billion Tax Rate: 20%   What is the cyclical deficit in 2010? What could be causing the cyclical deficit?

Liability management refers to:

After World War II, the economic recession that reduced equilibrium income below potential income in most European countries ended and the economies of Europe returned to their potential output, which:

According to the credit creation theory of banking, the most vital purpose of central bank reserves is to:

The chief difference between the M1 and M2 measures of the money supply is:

The federal funds rate could be increased by the following:

Given that Japan’s debt level is much higher than that of the United States, Japan has much less flexibility than the United States to run deficits.

Suppose we have the following scenario:   Multiplier: 1.7 Tax Rate: 20% Increase in spending: $300 Billion Total Deficit in the previous year: $1 Trillion   Based on the information provided what is the deficit that arises from the increase in spending from the government?