True or false One of our major macroeconomic goals is to balance the federal bud

Question

True or false
One of our major macroeconomic goals is to balance the federal budget. In a Capitalist system, economic resources are privately owned. Technological change tends to reduce economic growth because it is so costly. When you get down to it, money is the only economic resource that is important. Even for a growing economy, scarce resources is a problem. The law of increasing costs implies that producing more of one good requires that we give up increasing amounts of another good.
True or false
One of our major macroeconomic goals is to balance the federal budget. In a Capitalist system, economic resources are privately owned. Technological change tends to reduce economic growth because it is so costly. When you get down to it, money is the only economic resource that is important. Even for a growing economy, scarce resources is a problem. The law of increasing costs implies that producing more of one good requires that we give up increasing amounts of another good.

One of our major macroeconomic goals is to balance the federal budget. In a Capitalist system, economic resources are privately owned. Technological change tends to reduce economic growth because it is so costly. When you get down to it, money is the only economic resource that is important. Even for a growing economy, scarce resources is a problem. The law of increasing costs implies that producing more of one good requires that we give up increasing amounts of another good.
One of our major macroeconomic goals is to balance the federal budget. In a Capitalist system, economic resources are privately owned. Technological change tends to reduce economic growth because it is so costly. When you get down to it, money is the only economic resource that is important. Even for a growing economy, scarce resources is a problem. The law of increasing costs implies that producing more of one good requires that we give up increasing amounts of another good.

Explanation / Answer

1. True

One of the major goals is to attain a balanced federal budget as it is an indicator of economic growth , stable prices and full employment.

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.